Nephila
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ILS participation may well be approaching saturation point in the catastrophe market.
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Sources said that Evercore has been retained to advise Nephila management, who holds the majority of the business. -
ACHP has placed its 30 percent stake in the Julian Tighe-led company under review as it prepares to de-list from the London Stock Exchange.
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The key to working together relies on developing symbiotic relationships, CEO Maffeo says.
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The insurer now has reinsurance for up to $3bn of losses from a Florida hurricane.
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The Nephila-led reinsurance facility provides three years of cover.
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Prices at 1.6 look likely to remain depressed by competition.
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