Elementum Advisors, LLC, the insurance and reinsurance related asset manager, raised additional capital before mid-year, with its total assets under management once again hitting the $4 billion mark. dollars as of June 30.
Last May, we reported that Elementum Advisors had raised $150 million from two investors to deploy on opportunities presented by market dislocation during mid-year renewals, bringing its AUM to 3 .7 billion.
The CEO of Elementum shareholder White Mountains recently pointed out that investment manager ILS has been successful in attracting capital from third-party investors.
Now, in its latest disclosure to Artemis, for our ILS Fund Manager Directory, Elementum has revealed yet another capital-raising success, saying its global ILS and catastrophe bond AUM reached $4 billion at the end of June 2023.
Which suggests that Elementum has raised around $450 million in capital through 2023 so far. We had ILS manager AUM at $3.59 billion at the end of 2022.
Reaching $4 billion is not so much a new milestone for Elementum Advisors, but a strong signal of their ability to recover through new growth and new investor partnerships, after previously having assets under management as well. as high as $4.4 billion at the end of 2020.
Recovering this level of ILS AUM is noteworthy, as it reflects the continued recovery of the ILS asset class from years of tough losses, as well as the newfound appeal of ILS to some institutional investors. , thanks to its now higher yield potential. .
See information on many dedicated ILS fund managers, as well as reinsurers offering ILS-style investment opportunities, in our Directory of investment managers and insurance-related securities funds.
