April 24, 2017 11:26 AM ET

Capital Markets

Company Overview of Nephila Capital Limited

Company Overview

Nephila Capital Limited was founded in 1997 and is based in Hamilton, Bermuda.

3 Burnaby Street

Hamilton,  12


Founded in 1997

Key Executives for Nephila Capital Limited

Managing Partner, Managing Principal, Chief Management Officer, and Chief Compliance Officer
Partner and Senior Portfolio Manager
Portfolio Manager
Compensation as of Fiscal Year 2016.

Nephila Capital Limited Key Developments

State National Companies, Inc. Extends its Partnership with Nephila Capital Limited

State National Companies, Inc. announced that it has extended its partnership with Nephila Capital Limited. This new arrangement demonstrates Nephila’s long-term commitment to State National as its partner to access the primary market for U.S. catastrophe exposed property business. In exchange for the continued exclusive right to produce such catastrophe exposed property insurance via State National, Nephila has agreed to pay State National contractual minimum ceding fees through 2019. The contractual minimum fees are subject to State National’s maintaining its “A” A.M Best rating, with potential reductions if State National is unable to provide production year capacity or is otherwise constrained from writing premium. Furthermore, under certain circumstances, Nephila may terminate the exclusivity, which would reduce the minimum fees to a total of $32.5 million for 2016 through 2019. In the event of such a termination, State National would have the ability to write the catastrophe exposed property business for other capacity providers.

Nephila Capital Limited Presents at Bermuda in Boston Reinsurance Conference 2015, Sep-22-2015

Nephila Capital Limited Presents at Bermuda in Boston Reinsurance Conference 2015, Sep-22-2015 . Venue: Boston Harbor Hotel, Boston, Massachusetts, United States.

Nephila Capital Ltd Protects Farmers Across Africa Against Drought

Nephila Capital Ltd. announced that it recently agreed to provide drought protection to farmers in multiple countries in Africa to help transfer the risk of dry weather impacting crop yield. The deal was executed through Nephila's Syndicate 2357 at Lloyd's of London, and is the first weather risk transfer transaction written by the syndicate. Lloyd's has a storied history as a market that supports innovative and unusual risk, and an express part of Syndicate 2357's business plan is to build out a weather risk transfer business within the market. Nephila joins a panel of risk capacity providers that collectively extended USD 72.5 million of coverage working with Willis Group Holdings plc through the African Risk Capacity ("ARC") initiative, which is a sovereign pool of funds that compensates African Union governments when adverse weather and natural catastrophe events occur. The drought reinsurance program is entering its second year and will last for twelve months through April 2016. Farmers in nine countries across Western and Eastern Africa receive compensation from their respective country within days of contract expiry if crop yields are low due to a lack of rain.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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