Markel reveals Nephila AuM fell 7.7% to $7.2bn in Q4
Markel has revealed that assets under management (AuM) at its Nephila ILS operations dropped by $600mn in the fourth quarter to end the year at $7.2bn, with the ILS fund manager reporting an operating loss for 2022 following the disposal of its Volante and Velocity MGA ownership stakes.
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