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Nephila invests in climate risk data analytics specialist Jupiter

Leading ILS fund manager Nephila Capital has participated in Series B funding and signed up to use predictive data and climate risk analytics tools offered by Jupiter, a technology company focused on helping users better understand and manage climate-related risk.Jupiter recently raised a $23 million Series B funding round in read the full article →

ILS “one of the most important strategic moves” ever for Markel

Markel Corporation is "incredibly optimistic" about the potential for its insurance-linked securities (ILS) business to drive growth and profits for the firm.Markel began to build its in-house ILS and collateralized reinsurance platform with the acquisition of the retrocession and reinsurance investment focused CATCo business in late 2015.Then in 2017, Markel read the full article →

Nephila helps Ares Management to three wind power proxy revenue swaps

Nephila Climate, the weather, climate risk and reinsurance focused unit of insurance-linked fund manager Nephila Capital, has entered into three wind power proxy revenue swap transaction to facilitate the financing of an acquisition and re-powering of a wind power portfolio.Alternative investment manager Ares Management Corporation utilised the proxy revenue swaps read the full article →

Nephila delivers Markel $25.3m in revenues in just a month & a half

Markel Corporation earned an impressive $25.3 million of operating revenues from its insurance-linked securities (ILS) manager Nephila Capital in 2018, despite only having acquired the firm in mid-November.In addition, Markel also registered $66.2 million of ILS related revenues from its Markel CATCo retrocessional reinsurance investment operations during the year as read the full article →

Nephila reapproved as Blackstone sub-advisor after Markel acquisition

Nephila Capital, the largest investment fund manager of insurance-linked securities (ILS) and reinsurance linked assets, has been reapproved as a sub-advisor for a multi-strategy fund by asset management giant Blackstone.Blackstone Alternative Asset Management, the hedge fund solutions group of Blackstone which has around $78 billion under management, had first added read the full article →

Markel’s ILS revenues rise sharply on asset growth and Nephila acquisition

Markel Corporation saw operating revenues earned from its ILS investment management operations rise sharply in 2018, coming in at $92 million for the year compared to $29 million in the prior year.Driving the increased revenue from operations managing third-party capital invested in reinsurance linked assets was the growth of assets read the full article →

Nephila Climate backs proxy revenue swap for Ranchero wind farm

Nephila Climate, the weather, climate risk and reinsurance focused unit of ILS fund manager Nephila Capital, has provided capacity to back another proxy revenue swap for a wind farm project, again alongside Allianz Risk Transfer.These transactions are becoming more frequent as the renewable energy sector, its investors and developers, increasingly read the full article →

Nephila & Allianz back wind farm revenue swap for Enel

Insurance-linked securities (ILS) and reinsurance linked investment manager Nephila Capital has again collaborated with insurer Allianz and broker ReSurety to deliver a wind farm proxy revenue swap product to transfer risks and support cash flows related to a new wind farm construction project.This wind farm proxy revenue swap transaction is read the full article →

Nephila acquisition completed by Markel

The acquisition of the world’s largest insurance-linked securities (ILS) and reinsurance linked investment fund manager Nephila has now been completed by Markel Corporation, positioning Markel itself as now the largest manager of third-party reinsurance capital.The 100% acquisition of ILS manager Nephila Capital by Markel was announced at the end of read the full article →

Nephila + CATCo + State National = game-changer: Markel Co-CEO’s

The acquisition of two of the largest specialist reinsurance, retrocession and insurance-linked securities (ILS) fund managers, as well as program and fronting specialist State National, is a game changer for Markel Corporation, according to the firms two Co-CEO's.Realising the synergies between all three of Nephila Capital, Markel CATCo and State read the full article →