Nephila gains Lloyd’s approval to form own managing agency

Frank Majors, co-founder and co-CEO of Nephila Capital

Bermuda-based Nephila Capital has confirmed that the Lloyd’s board has given in-principle approval to its plan to form its own managing agency, subject to regulatory authorisation. Nephila is the largest institutional asset manager of vehicles dedicated to investing in natural catastrophe and weather risk. Nephila’s Syndicate 2357, which is backed by funds managed by Nephila, has been managed by Asta,…

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