Nephila Capital

Assets under management fell by around $5bn.

Nephila Climate has done a couple of recent swaps covering wind farms.

The Munich Re vehicle funded by Dutch pension fund service provider PGGM has reached $400mn for 2019.

The ILS investor says 7 percent annual returns have made the asset class an attractive opportunity for the fund.

The government also said it is exploring the possibility of issuing a cat bond in the near future.

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.