nephila capital

Nephila Capital, one of the largest insurance-linked securities (ILS) fund management operations in the market, has added $200 million of new capital in time for deployment around the January reinsurance renewals, which took its assets under management to $7.4 billion.

Insurance-linked securities (ILS) investment manager Nephila Capital is targeting growth and expansion into the climate and specialty risks sides of its business, but property catastrophe risk remains the biggest revenue driver at this time, Markel’s Jeremy Noble said today.

Nephila Capital, the flagship insurance-linked securities (ILS) fund management operation owned by Markel Corporation, has experienced another 8% decline in assets under management during the fourth-quarter of 2022, with the total falling to $7.2 billion.

The investment results of Nephila Capital’s insurance-linked securities (ILS) fund strategies are tracking expectations, including for the estimate of losses from major hurricane Ian, according to the Co-CEO’s of owner Markel Corporation.

Nephila Capital, the flagship insurance-linked securities (ILS) fund management operation owned by Markel Corporation, has reported a $700 million decline in net assets, as hurricane Ian’s impacts and losses drove the total down to $7.8 billion.

Insurance-linked investment manager Nephila Capital has lead the re/insurance capacity on an innovative voluntary carbon credit market insurance product that provides cover for third-party negligence and fraud.

Terry Ledbetter and Luke Ledbetter, formerly of fronting and program service insurance specialist State National Companies, are back with a new venture, having launched Kestrel Group as a program specialist with a focus on bringing greater efficiency to the insurance and reinsurance market value chain.

Markel’s flagship insurance-linked securities (ILS) investment manager Nephila Capital continues to benefit from “significant premiums” delivered via MGA Velocity Risk, even after its sale was completed, Markel’s Co-CEO Richie Whitt said recently.

Markel’s flagship insurance-linked securities (ILS) fund management operation Nephila Capital saw another significant rise in catastrophe reinsurance premiums underwritten during the second-quarter of 2022.

Florida’s Citizens Property Insurance Corporation looks set to continue rapidly growing its exposure, with its policy count likely to near record levels again in 2023, according to President and CEO Barry Gilway.