Nephila

Climate Risk Veteran Matt Coleman Joins Demex

Retrieved on: 
Tuesday, September 27, 2022
Weather, Risk, Operation, Technology, Strategic partnership, CRO, Risk management, Solution, Climate, Insurance, Growth, Nephila

WASHINGTON, Sept. 27, 2022 /PRNewswire/ -- The Demex Group (Demex) – the first provider of comprehensive solutions for modeling, assessing, and transferring climate-linked risks at scale – today announced that Matt Coleman has been appointed Chief Risk Officer (CRO) to manage Demex's economic valuations for clients and lead pricing for Demex's climate risk solutions. Coleman is a proven expert in climate risk insurance and risk transfer, with decades of experience in climate science, insurance, and capital markets.

Key Points: 
  • Coleman is a proven expert in climate risk insurance and risk transfer, with decades of experience in climate science, insurance, and capital markets.
  • Matt comes to Demex from our risk carrier network where he helped scale a climate risk fund from $200m to $750m.
  • Matt Coleman brings 20 years of experience in the climate risk space to Demex, most recently at Nephila Climate, where Coleman served as Director of Strategic Partnerships.
  • In his role at Nephila, Coleman worked with Demex to build capacity partnerships for the unique climate risk product offerings that Demex developed and that Nephila continues to underwrite.

Velocity Risk announces acquisition by Oaktree

Retrieved on: 
Tuesday, December 28, 2021
Risk management, Risk, Company, Acquisition, Oaktree Capital Management, Velocity, Insurance, Investment, MGA, Instagram, City, Climate, Twitter, LLC, CA, GLOBE, DeBevoise, Martha Plimpton, Weather, Willkie Farr & Gallagher, LLP, Reinsurance, Renewable energy, Financial services, Nephila

Nashville, TN, Dec. 28, 2021 (GLOBE NEWSWIRE) -- Velocity Risk Underwriters, LLC (Velocity Risk), a catastrophe-focused property and specialty insurance risks managing general agent (MGA), has announced its acquisition by funds managed by Oaktree Capital Management, L.P. (Oaktree), a leading global investment manager specializing in alternative investments.

Key Points: 
  • Nashville, TN, Dec. 28, 2021 (GLOBE NEWSWIRE) -- Velocity Risk Underwriters, LLC (Velocity Risk), a catastrophe-focused property and specialty insurance risks managing general agent (MGA), has announced its acquisition by funds managed by Oaktree Capital Management, L.P. (Oaktree), a leading global investment manager specializing in alternative investments.
  • Phil Bowie, Velocity Risks CEO, said, The launch of Velocity Risk was designed to disrupt the value chain between insurance and capital, through innovative underwriting and operational efficiency.
  • Evercore served as sole financial adviser to Velocity Risk and Willkie Farr & Gallagher LLP served as legal counsel to Velocity Risk.
  • Velocity Risk is committed to coastal customers, offering property coverage to homes and businesses most at risk from severe storms and other catastrophes.

Nephila to Launch New ILS Investor Backed Syndicate 2358 at Lloyd’s

Retrieved on: 
Tuesday, December 21, 2021
GLOBE, Weather, Risk management, Insurance, CA, Efficiency, Climate, Risk, ILS, Financial services, Nephila

Hamilton, Bermuda, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Nephila Capital is pleased to announce the launch of a new Lloyds specialty syndicate, 2358.

Key Points: 
  • Hamilton, Bermuda, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Nephila Capital is pleased to announce the launch of a new Lloyds specialty syndicate, 2358.
  • Nephilas Syndicate 2357 at Lloyds, which is backed by funds managed by Nephila, has been trading since 2013.
  • Nephila Syndicate CEO, Adam Beatty said With our existing Nephila Managing Agency and the worldwide market for specialty risk being centred in London, a new Lloyds syndicate was the obvious choice to further enhance our product offering.
  • Syndicate 2357 was the first syndicate at Lloyds to be wholly backed by capital from managed ILS portfolios raised from institutional investors.

Climate Risk Insurtech The Demex Group Closes $4.2 Million Funding Round

Retrieved on: 
Tuesday, August 11, 2020
Articles, Natural hazards, Actuarial science, Academic disciplines, Weather risk management, Insurance, Nephila, Risk management, Risk, Financial risk, Climate risk

Demex is, by far, the most sophisticated solution to this problem existing in the market, in terms of calibrating and transferring climate risk.

Key Points: 
  • Demex is, by far, the most sophisticated solution to this problem existing in the market, in terms of calibrating and transferring climate risk.
  • Matt Perlman, Partner at IA Capital Group said "Managing operational climate risk is quickly becoming an imperative for businesses across a growing array of industries.
  • MRTL continues to provide risk capital and back office support to Demex as it innovates in the climate and weather risk management industry.
  • Nephila Climate, the weather and climate risk-focused business unit of Nephila Capital Ltd, has partnered with Demex to offer weather risk capacity that backs the financial products that Demex creates for its clients.

Nephila to Launch New ILS Investor Backed Syndicate at Lloyd's

Retrieved on: 
Tuesday, June 23, 2020
Reinsurance, Araneidae, Nephila, Lloyd's of London

Nephila is the largest institutional asset manager dedicated to investing in natural catastrophe and weather risk.

Key Points: 
  • Nephila is the largest institutional asset manager dedicated to investing in natural catastrophe and weather risk.
  • Nephila's Syndicate 2357 at Lloyd's, which is backed by funds managed by Nephila, has been trading since 2013.
  • Adam Beatty, CEO of NSM, said, "We are excited about this new venture for Nephila at Lloyd's.
  • Frank Majors, co-founder and co-CEO of Nephila Capital, said, "Our Lloyd's business is an important part of Nephila's strategy.

Nephila to Launch New ILS Investor Backed Syndicate at Lloyd's

Retrieved on: 
Tuesday, June 23, 2020
Reinsurance, Araneidae, Nephila, Lloyd's of London

Nephila is the largest institutional asset manager dedicated to investing in natural catastrophe and weather risk.

Key Points: 
  • Nephila is the largest institutional asset manager dedicated to investing in natural catastrophe and weather risk.
  • Nephila's Syndicate 2357 at Lloyd's, which is backed by funds managed by Nephila, has been trading since 2013.
  • Adam Beatty, CEO of NSM, said, "We are excited about this new venture for Nephila at Lloyd's.
  • Frank Majors, co-founder and co-CEO of Nephila Capital, said, "Our Lloyd's business is an important part of Nephila's strategy.