LONDON (Reuters) – Nephila Capital, a fund manager that invests in natural catastrophe insurance, is to give a broad range of investors access to reinsurance-linked investments for the first time via the Lloyd's of London insurance market.
A new Lloyd's insurance syndicate, backed by Nephila and managed by Asta Managing Agency Ltd, will underwrite reinsurance contracts known as insurance-linked securities.
An Asta spokesman said on Tuesday this was the first time investors, such as hedge funds, pension funds and institutional investors, would be have access to these instruments via the Lloyd's market.
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