Nephila Capital's equity investment in new managing general agency (MGA) Volante Global will not see its ILS funds taking on any underwriting risk sourced by the start-up, but the catastrophe specialist has not ruled this out in the future.
Nephila co-founder Frank Majors said that the majority of risk being underwritten by Volante was outside the current remit of funds the ILS manager oversees.
"In the future, that could change, if our investors wanted access to those classes of business,...
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