Stratosphere Re a “logical development” allowing ILS growth: Markel Co-CEO Whitt
7th February 2020The recently issued $100 million Stratosphere Re Ltd. (Series 2020-1) catastrophe bond that provides a source of reinsurance to cover tail risks generated by Nephila Capital’s fronted insurance business is seen as a “logical development” by Markel Co-CEO Richie Whitt, who said the structure will allow his company to continue growing its ILS operations.
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