Nephila Capital ILS catastrophe fund raises further $340m

Hedgeweek reports that Bermuda based insurance-linked securities investment manager Nephila Capital has attracted a large influx of new capital from UK institutions during the second half of 2009. Nephila Capital now manages total assets of $2.6b.

Investor interest in the market has been growing over the last year and we’re now at a point where we need new issuance to provide capacity for those investors and opportunities to diversify beyond the U.S. hurricane risk tranches.