Nephila Capital news

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.

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.

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.

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.

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.

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.

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.

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.

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, 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.