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Markel’s recent $90m CATCo investment was in the Aquilo Fund strategy

As we reported recently, Markel Corporation has invested $90 million of its own capital into an investment strategy managed by its retrocessional reinsurance focused investment manager Markel CATCo, to boost capital available to fund investor redemptions. The investment was made at the beginning of the year and Markel explained that as read the full article →

Markel invests $90m in CATCo fund to accelerate investor redemptions

Markel Corporation has put some of its own money behind the running-off of its retrocessional reinsurance investment manager Markel CATCo, investing $90 million in one of the CATCo funds in the first-quarter to boost capital available to fund investor redemptions. Markel has repeatedly shown its commitment to ensuring investors in the read the full article →

Markel warns on Covid-19 hit to ILS operations, Nephila AuM down 4%

Markel Corporation reported its first-quarter 2020 results yesterday and in its report the company warned of the potential hit to its insurance-linked securities (ILS) operations from the Covid-19 pandemic, which is perhaps partly evidenced in a -4% decline in assets under management at Markel's flagship ILS fund manager Nephila Capital. Markel, read the full article →

Markel begins fronting insurance business for Nephila Capital

Markel Corporations relationship with its market-leading insurance-linked securities (ILS) fund manager Nephila Capital has deepened in recent months, as its insurance business began acting as a distributor for Nephila's capital, ceding catastrophe exposed insurance business to the manager. Markel acquired the largest manager of catastrophe and weather insurance and reinsurance linked read the full article →

Nephila drives Markel’s ILS operating revenues to $225.6m in 2019

Markel Corporation's operating revenues from its insurance-linked securities (ILS) businesses were up by 74% in the fourth-quarter of 2019, while the full-year saw ILS operating revenues hit $225.6 million, thanks to the contribution from Nephila Capital. Having acquired Nephila Capital in the fourth quarter of 2018, Markel Corporation had not yet read the full article →

Nephila taking disciplined approach to value creation: Markel’s Richie Whitt

Nephila Capital is taking a "disciplined approach to long-term value creation" according to Markel Co-CEO Richie Whitt, who said that the flagship insurance-linked securities (ILS) unit of the carrier remains on target for the year. At the same time, Whitt has highlighted the important role Markel's program fronting subsidiary State National read the full article →

Nephila Capital revenues rise again for Markel, as CATCo costs slow

Markel Corporation has reported rising revenues earned through the operations of its insurance-linked securities (ILS) and reinsurance investment manager Nephila Capital, with year-to-date the total reaching an impressive almost $125 million. Markel has been fully reporting the revenue contribution it receives from the activities of the Nephila Capital ILS and reinsurance read the full article →

Nephila Capital revenues help offset CATCo costs for Markel

Revenues earned through the operations of its insurance-linked securities (ILS) manager Nephila Capital have helped to offset costs related to Markel CATCo in the second-quarter and first-half of the year for owner Markel Corporation. Revenue contributions to Markel are now being fully reported for the activities of the Nephila Capital ILS read the full article →

Nephila Capital revenues drive ILS income higher at Markel in Q1

Revenues earned through the operations of Nephila Capital added significantly to Markel Corporations income from its insurance-linked securities (ILS) operations during the first-quarter of the year. Nephila Capital related ILS and collateralized reinsurance activities drove an impressive $43.2 million of revenues for Markel in the quarter, which almost helped to offset 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 →