Nephila News

Markel Consolidates Property Catastrophe Reinsurance Business Under Nephila

Markel Corp. said it is creating one center for all of its global property catastrophe (CAT) reinsurance business by closing its Markel Global Reinsurance property CAT unit and having Nephila become Markel’s single point of entry for serving the property …

Nephila Gets In-Principle Approval From Lloyd’s to Form Managing Agency

Bermuda-based Nephila Capital announced that the Lloyd’s Board (previously called the Franchise Board) has given in principle approval to Nephila’s plan to form its own managing agency, subject to regulatory authorization. Nephila is the largest institutional asset manager of vehicles …

In ‘Classic’ Soft Market Battle, Brokers and Carriers Attack Each Other

Chief executive officers of property/casualty insurance carriers and insurance brokers called each other out last week for engaging in activities they said are “classic signs of a soft market.” During a session of the S&P Global Ratings Insurance 2017 conference …

Lloyd’s Syndicates Join Forces to Help Emerging Markets Build Nat Cat Resilience

Eight Lloyd’s syndicates are joining forces to develop new solutions to help developing economies tackle underinsurance and improve their resilience against the economic impact of natural catastrophes. Emerging economies across Latin America, Africa, and Asia currently contribute 40 percent to …

Insurance Linked Securities Specialist Nephila Hired by Blackstone Vehicle

A Blackstone Group LP vehicle offering hedge fund strategies to mutual fund investors plans to allocate money to a firm backed by rival KKR & Co. The Blackstone Alternative Multi-Strategy Fund is hiring Nephila Capital Ltd. as a sub-adviser, according …