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The pension fund’s ILS allocation as of the end of 2023 was CHF300.3mn ($356.8mn).
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Over Q1, the loss ratio improved by 34.6 points year on year to 43.7%.
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Parent company Markel said the ILS manager’s performance was subject to a reporting lag.
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Sanders Re cat bond coverage attaches higher than last year at $5.46bn.
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The rise in ceded reinsurance premiums written impacted net premiums written.
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Operating revenue at the ILS manager climbed 49% to $19.2mn.
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The firm’s AuM was down 17% on $1.8bn as of 31 December.
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The firm said it expects Capital Partners to continue to grow.
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The pair join from Validus Re and Axa XL.
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Performance fees soared by 605% to $27.5mn from $3.9mn in Q1 2023.
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Vincent Pomo spent more than 11 years at Everest Re in a variety of roles.