Nephila Capital news

Nephila Capital has undergone its first full rebrand in its near 22 year history, as the largest manager of catastrophe, weather and climate insurance and reinsurance assets sets itself up for the future.

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 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 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.

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.

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

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.

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.

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.

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.