nephila capital
Universal names Donaghy CEO, as Downes becomes Exec Chair
Universal Insurance Holdings, the Florida headquartered and expansive primary insurance player, has announced that its CEO Sean P. Downes is stepping into an Executive Chairman role, with his position to be filled by Chief Operating Officer, Stephen J. Donaghy.Universal is a significant buyer of reinsurance and user of alternative capacity read the full article →
Hudson Structured, Nephila invest in AI property data insurtech Tensorflight
Tensorflight, an artificial intelligence insurtech start-up that offers property data to help insurance and reinsurance firms better understand their exposures has closed a $2 million funding round with support from ILS managers Hudson Structured Capital Management and Nephila Capital.The $2 million investment round was led by venture specialists ff Venture read the full article →
Risk transfer a key tool in climate change adaptation: Nephila report
Risk transfer is often overlooked in discussions relating to climate change and adaptation to it, as instruments including weather risk transfer and catastrophe reinsurance are able to send price signals to help public and private sector entities better understand the economic value at risk.This is according to a new report read the full article →
Capital + tech + data can help address climate risks: Schauble, Nephila
The use of efficient capital from the insurance-linked securities (ILS) market, along with advanced technology and expanding amounts of data, can help the world in addressing climate risk, comments by Barney Schauble, Managing Principal at Nephila Advisors suggest.With climate change rising up the political and social agenda all the time, read the full article →
Universal grows reinsurance tower at renewal, with help of Nephila & ILS capital
Universal Insurance Holdings, the Florida headquartered and expansive primary insurance provider, has completed what it said was a time consuming reinsurance renewal, with ILS capital featuring heavily as usual.Universal has been a significant user of alternative reinsurance capital from insurance-linked securities (ILS) funds and other collateralized sources over the years.For read the full article →
Nephila worked with Allianz on GrainCorp weather risk hedging
Nephila Capital, the world's largest asset manager of insurance-linked securities (ILS) and other catastrophe or weather linked reinsurance instruments, was involved in work to help Australian agribusiness GrainCorp.GrainCorp is among the largest agricultural businesses that has specialised in grain and other commodity receivership, storage and transportation.As a result, the company read the full article →
Nephila assists insurtech WorldCover with reinsurance via Lloyd’s syndicate
Emerging markets and climate insurance focused insurtech start-up WorldCover has partnered with the world's largest ILS fund manager Nephila Capital, who will now provide some of the firms reinsurance protection through its Lloyd's syndicate 2357.WorldCover is a technology driven insurance start-up that provides climate and weather linked insurance products using read the full article →
Markel hires AIG retail property head Kryszon, to partner with Nephila
Markel Corporation has announced the hiring of ex-AIG retail property head Guenter Kryszon who will be tasked with working across the group, including in partnership with its ILS management unit Nephila Capital.Kryszon will take on the role of Executive Underwriting Officer for Global Property at Markel, with his appointment effective 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’s Syndicate 2357 premium near doubles, stamp to reach $500m in 2019
Nephila Capital, the largest insurance and reinsurance linked investment manager, nearly doubled the amount of premiums underwritten through its Lloyd's of London Syndicate 2357 in full-year 2018.Nephila, the largest investment manager of catastrophe and weather insurance or reinsurance linked assets, has been leveraging the Syndicate 2357 vehicle at Lloyd’s of read the full article →
