Acquisition to make Markel largest player in insurance-linked securities
Markel Corporation | September 04, 2018
Markel Corporation has announced that it has entered into an agreement to acquire all of the outstanding shares of Nephila Holdings, a top insurance-linked securities manager. Nephila has more than US$12 billion in assets under management for more than 300 investors. Nephila will continue to operate as a separate business unit. The management team, led by co-CEOs Frank Majors and Greg Hagood, will remain in place.