Nephila
-
The syndicate’s combined ratio was down for the fifth year in a row.
-
The reinsurance and ILS leader joined the firm in 2012 during a “rollercoaster” year for industry loss warranties.
-
The product protects firms buying carbon credits from third-party negligence and fraud.
-
The follow-only vehicle initially launched in January with a more limited set of permissions.
-
The change in plan comes as Lloyd’s restricts cyber growth.
-
The transaction provides reinsurance capital from four pension funds and marks the second use of the Lloyd’s ILS transformer vehicle.
-
SageLink will enable fully automated quoting capabilities for reinsurance.
-
CEO Talbir Bains founded the business in 2017 with backing from the market’s largest ILS manager.
-
The follow-only syndicate has carved up most of its 2021 capacity among leading Lloyd’s intermediaries.
-
The Nephila CEO said ILS capital backing sidecars that are a "trade not a relationship" will charge a higher cost of capital.
-
The appointment follows a number of senior departures from Aon’s reinsurance ranks.
-
Ex-Novae deputy CUO to become active underwriter at Syndicate 2358.
Most Recent
-
Corvus highlights FCA Dear CEO letter on cyber wordings
29 September 2023 -
Aspen promotes Bianconi to global cyber head
29 September 2023 -
Beazley hires Chaucer’s Sheppard for renewable energy expansion
29 September 2023 -
Bank of England to create lending facility for insurers
29 September 2023 -
R&Q posts H1 operating loss of $58mn after legacy adverse development
29 September 2023