The largest institutional asset manager in the ILS and catastrophe reinsurance-linked investment sector, Nephila Capital, has today named Adam Beatty as the Active Underwriter for its Lloyd’s of London syndicate 2357, as from 1st January 2014.
Beatty succeeds Nephila Capital co-founder and managing principal Frank Majors in the role.
Majors commented; “Adam will do a great job developing our Lloyd’s platform, which we consider an important strategic initiative for Nephila. We have known Adam for a long time and believe he will be an excellent representative for us in this critical market.”
Nephila Capital launched syndicate 2357 earlier this year, with Asta Managing Agency looking after the management of the syndicate while Nephila provided capital and underwriting expertise.
Syndicate 2357 focuses on underwriting catastrophe excess of loss reinsurance, using Nephila Capital’s CWIL (county weighted industry loss) product, aimed at clients who find their requirements for cover cannot be fully satisfied by the conventional reinsurance markets.
Beatty joined Nephila Capital in January 2013 and was based in London as Business Development Director as well as acting as point of contact for Asta and Lloyd’s. He also supported Nephila’s communications with investors and trading partners across Europe.
Prior to joining Nephila Capital Beatty was a Managing Director with Willis Capital Markets & Advisory.
Beatty commented on his appointment; “I am delighted to be taking on this role at a very exciting time in the development of both Nephila’s business and the catastrophe reinsurance market.”