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Nephila adds new hedge for weather-driven renewable energy

Nephila Climate, the weather, climate risk and reinsurance focused unit of ILS fund management firm Nephila Capital, has added a new product to its suite of hedging solutions for operators of weather-driven renewable energy businesses.Nephila has specialised in this sector for some years now, providing hedges to enable greater certainty read the full article →

Nephila Climate takes weather risk to assist Scout wind farm financing

Nephila Climate, the weather, climate risk and reinsurance focused unit of the largest ILS fund manager Nephila Capital, has participated in another wind farm financing transaction, taking the weather risk out of the equation for operators and investors in the renewables project.Nephila has long been involved in the weather and read the full article →

Nephila using Phinsys tech to support Lloyd’s managing agency efficiency

Nephila Capital, the largest investment manager of insurance and reinsurance linked securities (ILS) and weather risk assets, is working with financial technology software and service provider Phinsys on the launch of its Lloyd's managing agency.Nephila, through its recently approved and soon to launch independent Lloyd’s managing agency Nephila Syndicate Management read the full article →

Nephila could expand capacity for January if price improvements continue

In a sign that reinsurance market pricing has returned to more rational levels, the largest manager of catastrophe and weather insurance linked assets, Nephila Capital, could seek to expand its capacity for the January renewals if price improvements seen continued.That's according to analysts from Morgan Stanley who met with one read the full article →

Don’t dilute the opportunity: Frank Majors, Nephila Capital

The past 12 months have proved the ILS markets are rational, thinks Frank Majors, co-CEO at Nephila Advisors, with investors demonstrating both staying power and price discipline"Now that we've gone through this mini cycle and series of events we've seen that ILS capital is not going to run away," he told Artemis. "The converse read the full article →

Nephila’s independent Lloyd’s managing agency ready for launch

Nephila Capital, the largest investment manager of insurance and reinsurance linked securities (ILS) and weather risk assets, is nearing launch of its own independent Lloyd’s managing agency.Assisted by Lloyd's servicer and third party managing agent Asta, Nephila Capital is ready to launch its Nephila Syndicate Management Ltd. managing agency at read the full article →

Nephila’s $500m stamp target for syndicate 2357 looks easily in reach

Nephila Capital looks to be well on-track to reach its ambitious full-year stamp capacity target of $500 million for its Lloyd's syndicate 2357, as premiums ceded from fronted U.S. catastrophe exposed property risk are already building.Nephila Capital, the largest investment manager of catastrophe and weather insurance or reinsurance linked assets, read the full article →

Universal’s prior year loss creep passed on to reinsurers in Q2

Universal Insurance Holdings reinsurance capital providers helped the company in Q2 2019 by taking the majority of its prior year loss creep off its hands, with just over $97.3 million of gross prior year development ceded.The insurer reported that its gross prior year development amounted to $98 million in the read the full article →

Nephila Capital revenues help offset CATCo costs for Markel

Revenues earned through the operations of its insurance-linked securities (ILS) manager Nephila Capital have helped to offset costs related to Markel CATCo in the second-quarter and first-half of the year for owner Markel Corporation.Revenue contributions to Markel are now being fully reported for the activities of the Nephila Capital ILS read the full article →

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 →