Nephila nears $7bn as capital remains drawn to ILS
The capital markets' continued enthusiasm for non-correlated
reinsurance cat risk has expanded assets under management (AuM) at
the insurance-linked securities (ILS) sector's two largest fund
managers to almost $11bn.
The Bermudian-based firm Nephila Capital has now grown to at least
$6.7bn in AuM, The Insurance
Insider's sister publication Trading
Risk reported last week.
Meanwhile, Credit Suisse ILS manager Niklaus Hilti told
Trading Risk that the firm has focused
its fundraising intake on the fourth quarter of this year and
expects...
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