nephila capital


Praveen Reddy promoted to COO at Nephila’s MGA Velocity

Praveen Reddy has been promoted to Chief Operating Officer of Velocity Risk Underwriters LLC, the managing general agency (MGA) operation of reinsurance, catastrophe, climate and weather risk-linked investment manager Nephila Capital. Reddy had joined Velocity Risk Underwriters in its launch phase around the middle of 2015 and has played a significant read the full article →

Markel hopes to add new ILS inflows during second-half: Co-CEO Whitt

Markel Corporation hopes to see fresh inflows coming into its insurance-linked securities (ILS) business in the second-half of 2020, as the capital markets become less volatile and investor confidence recovers, according to Co-CEO Richie Whitt. As we explained yesterday, insurance-linked securities (ILS) assets under management have declined at Markel's flagship ILS read the full article →

Nephila drives rising ILS revenue for Markel, but AuM shrinks again to $9.5bn

Nephila Capital, the largest dedicated insurance-linked securities (ILS) investment manager in the industry, has continued to drive rising ILS related revenues for parent Markel Corporation in the second-quarter, but its assets under management declined further, ending June at $9.5 billion. Markel, the global insurance, reinsurance and investment group, positions insurance-linked securities read the full article →

Nephila to name AXIS’ Louden as specialty syndicate active underwriter

Nephila Capital, the largest dedicated specialist insurance and reinsurance linked investment fund manager, is to appoint an active underwriter for its new specialty lines focused Syndicate 2358 at Lloyd’s. Ross Louden will join the company to take on this role later this year, the company confirmed, after a period of gardening read the full article →

Covid uncertainty highlights need for risk transfer transparency: Majors, Nephila

The uncertainty that the Covid-19 pandemic has created for the insurance and reinsurance industry serves to further highlight the need for risk transfer data transparency, all the way down the market chain, according to Nephila Capital Co-CEO Frank Majors Speaking with us in a video interview back in April, which you read the full article →

Nephila Capital launching specialty focused Syndicate 2358 at Lloyd’s

Nephila Capital, the world's largest insurance and reinsurance linked investment fund manager, is expanding its activities in the key Lloyd's of London marketplace with the launch of a new syndicate that will follow selected specialty lines underwriters performance. Syndicate 2358 at Lloyd's is being launched by Nephila Capital through its dedicated read the full article →

Nephila & Allianz in proxy revenue swap for Escalade wind farm in Texas

Nephila Capital, the largest insurance and reinsurance linked fund manager and global insurer Allianz have collaborated again to provide a proxy revenue swap to help reduce financing risk for those funding the 336 MW Escalade wind farm project in Texas. Through its specialist climate and weather focused underwriting, risk transfer and read the full article →

Lemonade files to go public and reveals Nephila as reinsurer

Lemonade, Inc., one of the highest profile insurtech start-ups that had been funded by Softbank among others, has filed an initial public offering (IPO) registration statement in which it has also revealed that one of its reinsurers is the largest ILS fund manager in the world Nephila Capital. Lemonade is targeting read the full article →

Universal buys most cat reinsurance ever. Nephila a key participant

Universal Insurance Holdings, a Florida headquartered and expansive primary insurance carrier, has secured the largest private market catastrophe reinsurance renewal in its history, with capital market support again evident and Nephila Capital a key participant. The insurance carrier group has bought a catastrophe reinsurance tower that extends up to $3.26 billion read the full article →

Covid-19 an “interesting test case” for ILS: Frank Majors, Nephila

It’s too early to say exactly how the current pandemic plays out, but the challenges are expected to provide an interesting test case for the collateralised and insurance-linked securities (ILS) business model, according to Frank Majors, Co-CEO and President of Nephila Holdings, and a Director of Nephila Capital. In a recent read the full article →