Insight and Intelligence on the London & International Insurance Markets 22 Jan 2018
Nephila puts down $1bn on new AIG treaties
- 5 January 2018
Leading insurance-linked securities (ILS) manager Nephila Capital wrote a $1bn line on AIG's expanded catastrophe reinsurance programmes for 2018, sister publication Trading Risk has revealed.
Nephila, which had $10.5bn of assets under management in the middle of 2017, has previously shown it is willing to put down significant lines with single partners and take concentrated bets within its portfolio, although this AIG deal represents its largest known relationship.
Among other previous heavyweight deals, it wrote almost $400mn of limit for...
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