NEW VERNON INVESTMENT MANAGEMENT LLC

Hedge Fund • Multi-Strategy

NEW VERNON INVESTMENT MANAGEMENT LLC is a Multi-Strategy Hedge Fund based in Highland Park, IL led by Steven Arthur Shapiro, reporting $116.9M in AUM as of Q3 2025 with 78% Financial Services concentration and 52% concentrated in top 10 holdings.

Managing PartnerSteven Arthur Shapiro

Portfolio Value: $107.2M
Positions: 40
Top Holding: WRB at 6.59%
Last Reported: Q3 2025

Address799 Central Ave, Suite 350, Highland Park, IL, 60035, United States

Top Holdings

Largest long holdings in NEW VERNON INVESTMENT MANAGEMENT LLC's portfolio (52.2% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 W.R. Berkley WRB	Insurance - Property & Casualty Financial Services	$7.1M	6.59%	—	0.02% 92.2K shares	Q3 2020 Held for 5y 2m
2 Progressive PGR	Insurance - Property & Casualty Financial Services	$6.9M	6.46%	—	0.00% 28.0K shares	Q4 2023 Held for 1y 11m
3 Radian Group RDN	Insurance - Specialty Financial Services	$6.5M	6.09%	+$6.5M Bought	0.13% 180.1K shares	Q3 2025 Held for 2 months
4 Lincoln National LNC	Insurance - Life Financial Services	$6.2M	5.80%	—	0.08% 154.1K shares	Q3 2024 Held for 1y 2m
5 The Hartford Financial Services Group HIG	Insurance - Diversified Financial Services	$6.0M	5.56%	—	0.02% 44.6K shares	≤ Q2 2013 Held for 12y 5m+
6 The Travelers Companies TRV	Insurance - Property & Casualty Financial Services	$5.6M	5.22%	—	0.01% 20.0K shares	Q1 2017 Held for 8y 8m
7 Equitable Holdings EQH	Insurance - Diversified Financial Services	$5.1M	4.76%	—	0.03% 100.3K shares	Q1 2024 Held for 1y 8m
8 Chubb CB	Insurance - Property & Casualty Financial Services	$5.0M	4.67%	+$5.0M Bought	0.00% 17.7K shares	Q3 2025 Held for 2 months
9 American Financial Group AFG	Insurance - Property & Casualty Financial Services	$3.8M	3.57%	+$3.8M Bought	0.03% 26.2K shares	Q3 2025 Held for 2 months
10 Arthur J. Gallagher AJG	Insurance - Brokers Financial Services	$3.8M	3.51%	—	0.00% 12.1K shares	Q1 2018 Held for 7y 8m