Nephila Capital

The Lloyd’s business planning process is drawing to a close after a difficult year for London syndicates.

The retro manager also warned 2018 wildfire losses could exceed those of last year.

Nephila's sale to Markel has completed, giving the (re)insurance holding company a 20 percent share of the overall ILS market.

Reinsurance market sources expected Hurricane Michael to cause insured industry losses of $10bn, but the limited number of public loss estimates released to date suggest Florida insurers are hoping it will remain below this level.

Two M&A deals in the ILS sector in the past month provide a contrasting view on what kind of acquirers may step forward in the future.

The insurer’s Irma losses have risen by a further 25 percent to $754mn.

The insurer revealed the sum in its Q3 results.

The asset manager’s CFO praised the ILS fund’s excellent management.

The BBC pension scheme has returned to the ILS market for 2018 after pulling out several years ago.

The Bay and Gulf counties in Florida are likely to the bear the brunt of Hurricane Michael losses.

Moving a step away from short-tail risks could be on the agenda after the insurer's takeover of the ILS giant.

Nephila’s sale to Markel is likely to accelerate the ILS manager’s push into primary insurance by bringing it closer to one of its key fronting partners as well as a carrier with distribution reach to the ultimate insurance buyers.