Nephila Capital news

Volante Capital Holdings (Bermuda) Ltd. (Volante), a multi-class international MGA platform that counts insurance-linked securities (ILS) specialist Nephila Capital’s holding company as its majority owner, has received ‘in-principle’ approval from Lloyd’s to launch Syndicate 1699.

According to a survey undertaken by publisher Pensions & Investments, Markel owned insurance-linked securities (ILS) investment manager Nephila Capital is one of the most institutional hedge fund managers, based on the profile of its end-investors.

Reinsurance broker Lockton Re and the largest insurance-linked securities (ILS) manager Nephila Capital have worked together on a new automated placement solution, designed to make the flow of reinsurance capital more efficient.

New opportunities for Nephila Capital to grow its insurance-linked securities (ILS) business are expected to come to fruition over the next year through bespoke offerings and ESG portfolios, while Lodgepine’s first retrocession ILS fund launch is just the start, according to Markel Corporation Co-CEO Richie Whitt.

Assets under management (AuM) at the largest dedicated insurance-linked securities (ILS) specialist manager Nephila Capital rose to $9.8 billion after the second-quarter of the year, while revenues reported for the period were almost flat with the prior year.

Velocity Risk Underwriters LLC, the managing general agency (MGA) operation of reinsurance, catastrophe, climate and weather risk-linked investment manager Nephila Capital, has paused accepting new homeowners business in Florida, citing a desire to control its rapidly grown portfolio in the State, we’ve learned.

Winter storm Uri’s impacts in the first-quarter of 2021 was a step backwards for the insurance-linked securities (ILS) market and the sectors biggest dedicated investment manager Nephila Capital, according to Markel Corporation Co-CEO Richie Whitt.

Nephila Capital is experiencing elevated costs as the insurance and reinsurance linked investment manager builds-out and grows its managing general agency (MGA) platforms and readies for the launch of new ILS fund vehicles, Markel Co-CEO Richie Whitt has explained.

Assets under management (AuM) at the largest dedicated insurance-linked securities (ILS) specialist manager Nephila Capital fell slightly to $9.5 billion at the end of the first-quarter, with the reduced assets also a driver of lower ILS operating revenues at Markel Corporation.

Nephila Capital, the largest dedicated investment manager in the insurance-linked securities (ILS), weather and catastrophe reinsurance space, is targeting further growth for its flagship Lloyd’s of London Syndicate 2357 in 2021, with its stamp capacity lifted to almost $672 million this year.