GLRE - Nephila Capital's Assets Rise To $9.8bn As Cat Program Premiums Expand
- Assets under management at the largest dedicated insurance-linked securities specialist manager, Nephila Capital, rose to $9.8 billion after the second quarter of the year, while revenues reported for the period were almost flat with the prior year.
- For Q2 2021, Nephila Capital recognised total revenues of $42 million, only very slightly down on the $42.2 million earned in the prior-year period.
- Markel had previously explained that costs of setting up program-related items, launching new funds and Nephila Capital’s MGA were driving expenses higher.
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Nephila Capital's Assets Rise To $9.8bn, As Cat Program Premiums Expand