1 October 2014News

Nephila’s fund receives $50m boost

Technology services company IBM’s pension fund has diversified into reinsurance with the allocation of $50 million to Bermuda-based Nephila Capital’s Iron Catastrophe Fund.

The pension fund, which is approximately £5.9 billion in size, has made a 1.04 percent allocation into the catastrophe fund.

In its annual report, the pension fund said it had moved into the new asset class of reinsurance towards the end of 2013.




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30 October 2023   Insurers can help ensure that alternative energy projects get off the ground, says Nephila's climate change leader.
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