Brokers

Nephila Capital has agreed a deal with a major US insurer to assume coastal exposure, broadening its access to primary risk, sister publication The Insurance Insider reported

Severe convective storms produced the majority of insured catastrophe losses in the first half of 2017, with 78 percent of claims attributed to these events, according to the latest global catastrophe report from Impact Forecasting

TransRe has promoted Kyle Rhodes to the new role of global head of business development, where he will offer clients assistance in accessing third party capital.

Nephila Capital has let its distribution facility with wholesale insurance broker AmWins lapse after setting up a new deal with Marsh unit the Schinnerer group earlier this year

Nephila's insurance platform Velocity Risk Underwriters has agreed a deal with a major US carrier and a number of distribution sources to assume coastal exposure from the nationwide partner's networks, sister publication The Insurance Insider reported

Guy Carpenter said it hoped to expand the retrocession and ILS capacity in the Asia Pacific region as it opened a new retro unit led by Simon Hughes

Former Aon Benfield retro broker Tom George is expected to join AlphaCat as an underwriter, sources told Trading Risk

The lines between traditional brokers and insurers is becoming blurred as a result of alternative capital, according to John Doyle, Marsh president.