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The storm battered Central America as a hurricane last week, causing widespread damage and at least 57 deaths.
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Carriers expect only marginal gains and remain concerned that the UK overhaul will jeopardise equivalence.
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Investors from the ILS boom era are also those who've had the least luck, so fundraising remains a slog.
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The electric car manufacturer had earlier marketed the policy with an Elon Musk exclusion.
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Repeated pelting from smaller cat losses presents a host of challenges for carriers.
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Darag will retain run-off operations in the country.
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The legacy carrier is the first to utilise a recently enacted framework in Oklahoma.
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The Japanese reinsurer already offers P&C cover out of its Zurich subsidiary.
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The rating actions follow "diminished results" since 2016, the agency said.
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The executive will help the broker expand its legacy market presence.
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The move will allow Markel to leverage Nephila's position and generate operational efficiencies, co-CEO Richie Whitt said.
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The acquisition of the motorbike insurance specialist completed in August.