ILS managers with <$2bn AuM as of July 2025

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Key: = company's figures reported with a one-quarter lag| = no response, so no change in AUM assumed
* Cedar Trace rebranded from Mereo Advisors in June 2025; they disclosed a figure exceeding $500mn for July 2025
** Figures reported in a range, so mid-point taken

Source: Insurance Insider ILS; Company disclosures