Markel Corporation (Markel) (NYSE: MKL) announced today that it has completed its acquisition of Nephila Holdings Limited (Nephila), a leading investment manager specializing in reinsurance risk.
Richie Whitt, Markels Co-Chief Executive Officer, commented, With a proven 20-year track record of success, Frank Majors and Greg Hagood have built the industrys pre-eminent and longest-tenured insurance-linked securities manager. The addition of Nephila to Markel’s insurance, reinsurance, insurtech, fronting, and existing insurance-linked securities capabilities will enhance and strengthen the breadth and depth of Markels offerings to policyholders, producers, and investors. We welcome Nephila to the Markel family and fully …
[Read on via official release]
Source: US SEC
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