Reinsurance News
Nephila Capital
Jessica Laird promoted to CEO of Nephila Capital as Frank Majors steps back
26th August 2025
Nephila Holdings has announced that Jessica Laird has been promoted to CEO of Nephila Capital, the firm’s flagship catastrophe business, effective immediately, while Frank Majors will step down as Co-CEO of Nephila Holdings at year-end to focus on portfolio construction. Frank Majors co-founded Nephila in 1997 alongside Greg Hagood, and for ... Read the full article
Howden launches voluntary carbon credit insurance product to help scale market
7th September 2022
International re/insurance broker Howden has announced the launch of a carbon credit invalidation insurance solution to increase confidence in the Voluntary Carbon Market (VCM). To develop the product, Howden worked with the carbon finance business, Respira International, and Nephila Capital, an investment manager specialising in reinsurance risk. They were also advised ... Read the full article
Velocity Risk MGA majority stake sold to Oaktree by Nephila
28th December 2021
Nephila Capital, the Markel-owned and largest insurance-linked securities (ILS) fund manager in the market today, has sold a majority shareholding in its managing general agency (MGA) Velocity Risk to private equity and alternatives investor Oaktree Capital Management. Funds under Oaktree's management have acquired the majority of the MGA, leaving Nephila Capital ... Read the full article
Lloyd’s welcomes Nephila’s Syndicate 2358
21st December 2021
Lloyd’s of London has joined investment manager Nephila Capital in announcing the launch of Syndicate 2358. Nephila's new Syndicate focuses on short to medium term business lines, with capital provided through London Bridge Risk PCC (LBR PCC). The new transaction provides reinsurance capital from a varied group of investors, ... Read the full article
Nephila to launch new ILS investor-backed Lloyd’s syndicate
21st December 2021
Nephila Capital, the world’s largest insurance-linked securities (ILS) investment manager, has announced plans for its Lloyd’s specialty syndicate 2358, as the firm looks to provide investors with greater access to the wider specialty insurance market. Set to commence trading in the new year, syndicate 2358 will focus on short to medium ... Read the full article
Lockton Re partners with Nephila Capital on automated placement solution
11th August 2021
Lockton Re, the reinsurance arm of the global brokerage, has partnered with Nephila Capital to help release Lockton Re SAGELink Automated Placement Solutions. It's hoped this new capability will automate the process of price discovery between reinsurance intermediary broker and reinsurer. Its designed to allow a tighter integration of treaty visualisation features ... Read the full article
Wave of new capital both defensive & offensive: Prospectus 2021
16th December 2020
A flurry of additional capital has entered the reinsurance market in recent months and while it remains to be seen what influence it has at January 1st, it's likely a mixture of defensive and offensive plays, according to Greg Hagood, Co-Founder of Nephila Capital. For both existing and new companies, ... Read the full article
Munich Re and Validus lead traditional markets in Citizens’ 2019 renewal
27th June 2019
Details around the successful completion of Citizens Property Insurance Corporation's $1.45 billion 2019 reinsurance renewal reveals that Munich Reinsurance America, Validus Reinsurance, Nephila Capital, and D.E. Shaw Re led the placement. After originally targeting a $1.6 billion reinsurance programme for the 2019 hurricane season, Citizens settled on a slightly smaller reinsurance ... Read the full article
Markel Corporation buying Nephila Capital, world’s largest ILS manager
31st August 2018
It's been announced that Markel Corporation is to acquire all of the outstanding shares of Nephila Holdings Limited, the largest manager of catastrophe and weather insurance and reinsurance linked investment funds in the world. Nephila manages $12.2 billion of assets under management (AuM) for a geographically diverse investor base of ... Read the full article
Nephila Capital approved to establish Lloyd’s managing agency
7th August 2018
Nephila Capital, the world’s largest insurance-linked securities (ILS) investment manager, has announced that it has received approval from the Lloyd’s Board (previously called the Franchise Board) to form its own managing agency. Nephila’s Syndicate 2357, which is backed by funds managed by Nephila, has been managed by Asta, a third party ... Read the full article
Boost secures reinsurance capacity for InsurTech development platform
10th May 2018
Boost Insurance has secured a dedicated reinsurance facility to support its B2B InsurTech development platform, led by re/insurance investment manager Nephila Capital with participation from Markel Digital and RenaissanceRe Holdings. Boost plans to manage a program that supports multiple InsurTech start-ups as they enter the property and casualty (P&C) industry across ... Read the full article
Allianz closes 10-year proxy revenue swap for Invenergy wind farm
9th February 2018
Allianz Global Corporate & Specialty’s (AGCS) alternative risk transfer unit (Allianz) has closed a 10-year proxy revenue swap for Invenergy's Upstream Wind Energy Center to ensure stable revenues despite uncertainty of intermittent wind resource. Allianz cooperated with Nephila and REsurety to provide an innovative financing solution for the renewable energy company's ... Read the full article
Nephila looks to expand weather risk business with Nephila Climate launch
30th January 2018
Nephila Holdings Ltd, the parent company of the world's largest insurance and reinsurance-linked fund manager, Nephila Capital Ltd, has expanded its weather and ESG-driven operations with the launch of Nephila Climate (NCx), a new specialty unit dedicated to weather risk transfer and climate resilience solutions. Nephila has announced that head of its ... Read the full article
Cedent & Nephila Capital target climate risk transfer
1st November 2017
Cedent Ltd., a global insurance industry-focused investment management firm, has launched a corporate finance advisory entity with a focus on climate risk that's backed with $500 million of capacity from Nephila Capital Ltd., the world's largest insurance-linked securities (ILS) manager. The new corporate finance advisory joint-venture, Resilience Economics Ltd., will use ... Read the full article
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