Nephila Capital news

Nephila Capital’s specialty lines focused Syndicate 2358 at Lloyd’s delivered a $35.6 million profit for the 2025 underwriting year, as its gross premiums written soared by 129% to reach over $508.6 million for the period.

Nephila Capital’s Lloyd’s Syndicate 2357, which is the flagship syndicate run by the dedicated investment manager focused on the insurance-linked securities (ILS), weather and catastrophe reinsurance space, reported a meaningful increase in profits for 2025, while it utilised legacy reinsurance deals to close out risks from prior underwriting years.

Nephila Capital contributed an impressive $159.2 million in fund management revenues to its parent Markel in 2025, with the figure having risen 68% over the prior year and Tom Gayner, Markel CEO, said the ILS unit “delivered” for its investors as well.

Nephila Capital has promoted business development, investor relations and capital raising executive Tom Dedman to the role of Head of EMEA, Partner Capital in the firm’s Nephila Advisors unit.

The Florida State Board of Administration has further diversified its insurance-linked securities (ILS) allocations made on behalf of the Florida Retirement System Pension Plan, with $400 million invested across a quota share reinsurance strategy managed by Tangency Capital and a specialty lines opportunity managed by Nephila Capital.

Nephila Capital has hired experienced reinsurance and capital management executive Anthony Landi as Head of Strategic Growth for the firm’s Nephila Advisors investor relations and US business development division.

Markel Group has attributed meaningful growth in fronting by its insurance division in 2025 to the premium growth of property catastrophe programs for its insurance-linked securities management unit Nephila Capital, while ILS fee income also increased for the year.

Nephila Capital, the specialist insurance-linked securities and catastrophe reinsurance investment manager, has added a new Junior Underwriter in Bermuda, hiring Max De Souza from his most recent role as a modeller at Pillar Capital.

Nephila Capital, the specialist insurance-linked securities and catastrophe reinsurance investment manager had a successful twelve months of capital raising, with its assets under management (AUM) rising by $600 million to reach $7.6 billion as of September 30th 2025, Artemis can report.

Brian Costanzo, Chief Financial Officer at Markel, indicated that the business that is fronted for Nephila Capital through Markel Bermuda Ltd (MBL) is performing very well this year, given the low level of catastrophe losses experienced.