Nephila revenues fall 44% to $79.5mn for full-year 2022
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Nephila revenues fall 44% to $79.5mn for full-year 2022

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Nephila has recorded total revenues of $79.5mn for 2022, a drop of 44% compared to the prior year’s $141.9mn after the sale of the Velocity MGA, according to Markel’s 10-K disclosure.

The ILS manager’s revenues comprise management fees for its investment services and incentive fees for some of its funds.

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