Elementum Advisors
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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”.
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The manager’s Bermuda and Chicago teams have been boosted in recent months.
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Lauer and Bean work in operations and Denny on the investment side.
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The addition follows the launch of a new high-risk strategy earlier this year.
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The investor more than doubled its allocation to Elementum Advisors.
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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.
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Lynette Pirilla Walter takes on the chief legal officer role as John Drnek joins the firm in Bermuda as general counsel.
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The $20bn fund has 2% of its assets allocated to ILS, equal to about $400mn.
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Ben Somers, former head of investor relations, has left after more than 11 years at the company.
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Jagoda was one of the founding staff at Elementum.
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The specialist ILS manager has also made a number of senior appointments.
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