Nephila Capital, the world’s largest investment manager specialising in catastrophe risk, weather risk and insurance-linked securities (ILS), has promoted Adam Beatty to the role of Managing Director of Nephila Advisors UK Ltd.
The promotion aims to support the ongoing growth of the Nephila Capital business, with a particular focus on Beatty’s important role across the London, European and Middle East markets, where his time has largely been focused.
Beatty joined Nephila in 2013, as Business Development Director, based in London with responsibility for the administration of Nephila’s Lloyd’s syndicate platform (London market liaison with brokers and trading counterparties and investor relations). In 2014 he took on the role of Active Underwriter for the ILS investment managers’ Lloyd’s of London Syndicate 2357.
“Adam has done a wonderful job driving our Lloyd’s plan since joining the firm in 2013. Syndicate 2357 is an increasingly important part of Nephila’s overall strategy, and we appreciate Adam’s valuable contributions to its ongoing development,” commented Frank Majors, co-founder and current Principal of Nephila Capital.
Beatty has helped Nephila Capital in investor relations and business development across Europe and the Middle East, as well as his key role in the Lloyd’s market for the firm.
Prior to joining Nephila, Beatty was a Managing Director with Willis Capital Markets & Advisory in New York and more recently London. There he worked on projects including catastrophe bond structuring and origination and transaction structuring and capital raising for the catastrophe risk asset class.
From 2004 to 2006, Beatty was Chief Financial Officer for Willis Re, the brokers global reinsurance arm. Before his time at Willis Group, he worked at an audit firm specialising in insurance business and the Lloyd’s market.
The London market is seen as a key piece of Nephila’s strategy, as the ILS investment manager becomes an increasingly important provider of catastrophe and weather risk transfer and reinsurance. Both for sourcing client relationships as well as transacting, London as a hub can bring Nephila’s efficient risk capital closer to new clients and markets.