Nephila Capital
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The asset manager’s CFO praised the ILS fund’s excellent management.
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The BBC pension scheme has returned to the ILS market for 2018 after pulling out several years ago.
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The Bay and Gulf counties in Florida are likely to the bear the brunt of Hurricane Michael losses.
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Moving a step away from short-tail risks could be on the agenda after the insurer's takeover of the ILS giant.
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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.
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Many ILS entrepreneurs have already successfully cashed out.
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Co-founder says the ILS manager's relationship with fronting carrier Allianz will continue.
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It affirmed the carrier’s A financial strength rating.
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RenaissanceRe kept its stake in the $1bn reinsurance programme stable at $262.5mn while Swiss Re increased its line by $10mn this year to $185mn.
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Nephila Capital announced new hires to complete the team to run its own managing agency.
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The Florida-based insurer is also expecting to make reinsurance claims related to the Hawaiian eruptions.