Syndicate 2359

Two of the Lloyd’s syndicates operated by specialist ILS investment manager Nephila Capital are set to provide capacity support to a new property treaty consortium launched by MS Amlin, with data centre risk underwriting said to be a key focus for the new venture.

Nephila Capital, one of the longest-standing and largest insurance-linked securities (ILS) managers, has been approved in principle to launch Lloyd’s Syndicate 2359, its third syndicate and its first in the market to have a pure property catastrophe risk and returns focus for specialised Lloyd’s investors and capital allocators, Artemis can report.