Nephila Capital
-
The InsurTech uses satellite imagery to provide underwriters with data on individual properties.
-
The weather protection market currently resembles the early ILS market, according to the Nephila managing principal. -
Swiss funds active in ILS recorded stable or slightly increased allocations after 2017’s losses.
-
With Nephila’s market share slightly shrinking, RenaissanceRe and Gen Re moved up the Florida leaderboard.
-
WorldCover, a climate insurance provider to smallholder farmers, has raised $6mn from a fundraising round led by MS&AD ventures.
-
The gains were partially offset by the costs associated with Markel Catco.
-
The firm's chief commercial lines underwriter has left, as it separately announced expansion into North Carolina and New York.
-
Syndicate 2357 had escaped a reinsurance loss in 2017 but the segment fell to an $84.2mn loss in 2018.
-
The Bermuda-based ILS manager has signed up to use the specialist’s climate risk tools.
-
An Ares fund has used Nephila-backed proxy revenue swap contracts to help finance three wind farms in Texas.
-
The Bermuda-based ILS manager withdrew from the insurer’s reinsurance treaty following losses in 2018.
-
Regulatory investigations can move at a snail’s pace.
