AuM data

The investment house made a blended 0.7% underwriting return via its holdings in Elementum funds and 7% cash yield from its ownership stake in the firm.

British Virgin Islands-based investor Eugenia II Investment Holdings had alleged fraud and misrepresentation after losing $7.5mn with the retro fund manager.

The firm announced a gross performance of more than 10% on the fund since it was established in late May 2020.

The executive was one of the Swiss bank’s most senior ILS executives and established their life fund.

The vehicle will launch with $200mn of equity contributed by all the manager's ILS funds.

Parent AIG’s cat losses remained elevated in line with the prior-year Covid-19-impacted quarter.

Markel’s overall ILS revenues dropped by 27% year on year as it lifted fronted premium written for the Bermudian firm.

Scor Investment Partners has announced that the assimilation of Coriolis Capital into its wider ILS business has now been completed, following an acquisition of the London firm in September 2019.

Average reinsurer return on equity (RoE) was just 4.8% over the past four years.

The news follows the reinsurer’s announcement that the executive would step down from his role at the end of April.

The firm reported a $100mn drop in ILS AuM to $1.4bn, although previously had said deployable capital was lower.

The fund’s worst ILS return to date is understood to be driven by investments hit by Covid-19.