Nephila Capital
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The investment is thought to be the $81bn fund’s first ILS allocation.
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Could a back-to-basics approach see ILS firms shun Lloyd's advantages for lower-cost alternatives?
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The Nephila CEO said ILS capital backing sidecars that are a "trade not a relationship" will charge a higher cost of capital. -
The sting could be in the tail for reinsurers dropping agg risk.
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Markel's ILS revenue dropped 30% amid Catco run-off and growing side-pocketed assets at Nephila.
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Platform planning head Tim Shreeve and portfolio manager Niall MacGillivray have left.
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The appointment follows a number of senior departures from Aon’s reinsurance ranks.
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Kristofer Sannemalm joins the growing new platform helmed by Lixin Zeng and Richard Lowther.
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The climate-focused InsurTech has raised $4.2mn and signed up insurance backing from the ILS manager and Munich Re.
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Nephila’s fall in AuM contributed to the trend of specialist firms shrinking, as reinsurer-backed assets were up modestly.
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The manager’s MGA operations boosted ILS revenue despite lower AuM.
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Ex-Novae deputy CUO to become active underwriter at Syndicate 2358.
