nephila capital


ILS to drive “increasing advantages & profitability” for Markel: Co-CEO’s

Insurance-linked securities (ILS) is seen as one of the cylinders of the insurance and reinsurance engine for Markel Corporation and the firm's CO-CEO's Thomas Gayner and Richard Whitt see ILS driving "increasing advantages and profitability" for the company with its leading position set to help it scale in the space.Having read the full article →

Stratosphere Re a “logical development” allowing ILS growth: Markel Co-CEO Whitt

The recently issued $100 million Stratosphere Re Ltd. (Series 2020-1) catastrophe bond that provides a source of reinsurance to cover tail risks generated by Nephila Capital’s fronted insurance business is seen as a "logical development" by Markel Co-CEO Richie Whitt, who said the structure will allow his company to continue 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’s Stratosphere Re in “rarefied air” as investment grade cat bond

Getting an investment grade rating for a securitization of property catastrophe insurance risks is "rarefied air", something that the recently completed $100 million Stratosphere Re Ltd. (Series 2020-1) cat bond covering tail risks on Nephila Capital's fronted business has achieved.Fitch Ratings assigned the investment grade 'BBBsf' rating to the Stratosphere read the full article →

Nephila a reinsurer to Boost-backed cyber risk insurtech Cowbell

Nephila Capital, the largest manager of mainly catastrophe and weather insurance linked securities and reinsurance linked assets, has lined up as one of the reinsurers supporting a technology-led cyber insurance company named Cowbell Cyber, signalling a step in the direction of specialty lines underwriting.Cowbell Cyber is an insurtech that leverages read the full article →

Nephila & Allianz’s Enel wind farm proxy revenue swap comes on-risk

Nephila Capital, the largest investment manager of insurance and reinsurance linked securities, is a regular participant in wind energy proxy revenue swap deals, alongside transaction partner Allianz Risk Transfer (Allianz ART).Nephila Climate, the weather and climate risk and reinsurance focused unit of the largest ILS fund manager Nephila Capital, regularly 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’s MGA Velocity Risk Underwriters expands to New Jersey

Reinsurance, catastrophe, climate and weather risk-linked investment manager Nephila Capital will add a new primary source of risk from another eastern U.S. state, after its managing general agency (MGA) Velocity Risk Underwriters LLC has expanded into New Jersey.Velocity Risk Underwriters said today that it has again expanded its home insurance read the full article →