Markel says MGA sales leave Nephila to focus on 'core operations'
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Markel says MGA sales leave Nephila to focus on 'core operations'


Markel said the sale of its controlling portions in MGAs Velocity and Volante will leave Nephila ILS operations “solely comprised of its core fund management operations", according to Jeremy Noble, senior VP and CFO.

“Both of these transactions unlock significant value from our Nephila acquisition in 2018 and also allow Nephila to devote full attention to the opportunities they see in the cat arena right now,” said Richard Whitt, co-CEO and director, on...

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