Elementum Advisors
-
Returns from cat risk investments stood at 20.1% for the year to 30 June 2025. -
Samild held multiple roles including head of alternatives at the Future Fund.
-
The target allocation to Munich Re, Elementum and the run-off AlphaCat funds fell in the year to 30 June 2025.
-
The sidecar took $19mn of cat losses relating to the California wildfires.
-
Founding partners DeCaro and Rettino will continue to provide oversight and investment advice.
-
UCITS fund diversification targets limit their capacity for US wind bonds.
-
The aim is to capitalise on cat bond market’s robust growth and US peril concentration.
-
He will be based in the Bermuda office and work to develop the underwriting associates.
-
The latest Insider ILS Outstanding Contributor for the year said 2011 was an under-appreciated turning point for the market.
-
DeCaro is one of the cohort of pioneering ILS managers.
-
The value of White Mountains’ stake in the ILS manager grew last year despite the firm shrinking its holding.
-
The fund’s allocation to ILS decreased for the first time in three years.
-
The Elementum executive told Trading Risk New York that “appropriate returns” over time were the key to a sustainable ILS market.
-
The current year performance marks an uplift compared to a tough 2022, in which Elementum delivered a loss to White Mountains of 4.6%.
-
All five new partners will retain their existing roles alongside their new responsibilities as partners.
-
The insurance conglomerate initially committed $50mn to Elementum funds.
-
The headline market drop in AuM belies a more lively growth story for funds operating outside of the ILS major league.
-
Shabnam Ahmed joined the firm in October 2020 to build up its portfolio and train junior underwriters.
-
The market needs to improve on contract certainty to manage pricing cycles better, Rettino told Trading Risk New York 2022.
-
The hardening rate environment in Florida provided a mid-year opportunity for some, but overall there was little growth.
-
Partial owner White Mountains said conditions for ILS investing are “attractive”.
-
The manager’s Bermuda and Chicago teams have been boosted in recent months.
-
Lauer and Bean work in operations and Denny on the investment side.
-
The addition follows the launch of a new high-risk strategy earlier this year.
-
The investor more than doubled its allocation to Elementum Advisors.
-
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.
-
Lynette Pirilla Walter takes on the chief legal officer role as John Drnek joins the firm in Bermuda as general counsel.
-
The $20bn fund has 2% of its assets allocated to ILS, equal to about $400mn.
-
Ben Somers, former head of investor relations, has left after more than 11 years at the company.
-
Jagoda was one of the founding staff at Elementum.
-
The specialist ILS manager has also made a number of senior appointments.
-
CEO George Manning Rountree says the firm's Elementum Advisors business is in good shape.
-
The investor bought a minority stake in Elementum last year.
-
The $1.28bn fund allocates assets across multiple alternative strategies.
-
Elementum is a “well-positioned business in an attractive sector,” the asset manager said in a Securities and Exchange Commission filing.
-
The industry’s market heavyweights remain split amongst different types of ownership models.
