Nephila Capital

Nephila will provide data for the company’s instantaneous indicative pricing service which gives an immediate idea of the costs of a structure.

M&A activity in the ILS manager market is continuing despite last year’s catastrophe activity, with one start-up being acquired by its cornerstone investor and the industry’s largest firm seeking new partners.

Cutting costs out of the reinsurance risk transfer chain is going to be the next focus for evolution in the market, said Nephila co-founder Greg Hagood.

Evercore has been retained to advise Nephila management.

The companies have assumed risks related to production value, timing of energy generation and future energy prices.

The Florida insurer decreased the share of its growing premium base being ceded to reinsurers.

Boost Insurance signs the ILS giant to lead its reinsurance facility for InsurTech start-ups.

Nephila's Lloyd's syndicate 2357 fell to a $120.6mn loss in 2017 as its combined ratio spiked up to 167 percent.