Markel

Nephila revenues would likely have been higher, but for an ‘elevated climate signal’ this year.

Schmidt will lead Markel's Global Strategy team and work with Nephila.

State National has been lined up to front for the vehicle, which would be a rare example of third-party capital in this space.

The acquiring reinsurer will now run off the business.

The carriers were in arbitration with UnipolRe and Gen Re.

The conflict between US and Bermuda legal systems offers no easy route for counterparties to fraud-impacted transactions.

The committee claims Chaucer waited until it had ‘maximum leverage’ over other debtors.

A credit loss owing to a fraudulent letter of credit from Vestto added 1 point to the combined ratio in Q3, insurance president Jeremy Noble told analysts during a conference call.

The ILS firm reported $6.8bn of assets under management at the third-quarter mark.

Markel Bermuda entered into two collateralized reinsurance transactions with White Rock for the benefit of a segregated account owned by a Vesttoo affiliate.

The ILS platform generated net income of $1.8mn in Q2.

The CFO of parent company Markel has said it aims to lean into property cat through Nephila.