Nephila to name Maria Rapin sole CEO of Nephila Climate unit

Nephila to name Maria Rapin sole CEO of Nephila Climate unit

Nephila Climate, the weather and climate risk and reinsurance focused system of the biggest insurance-linked securities (ILS) fund manager Nephila Capital, has actually named Maria Rapin as its sole CEO.Rapin, who has operated at Nephila Capital given that 2015, was most recently a Co-CEO of the Nephila Climate unit, alongside fellow Co-CEO Richard Oduntan.
Oduntan is now set to depart Nephila Climate, we can report, which has prompted the transfer to consolidate management of this important climate risk transfer focused division under a single Chief Executive Officer. He will continue to work with Nephila over a gradual transition period, showing his desire for a smooth process after over twelve years at the firm.
Rapin is likewise a member of the Climate board of advisers and firm-wide ESG Committee at Nephila Capital and has played a crucial function in driving technique, in addition to managing the financial investment procedure for Nephilas climate strategies, with a goal of making it possible for scalable capital to be mobilised to support environment strength through catastrophe and environment insurance, reinsurance or danger transfer.
Prior to joining Nephila and joining its San Francisco office, Rapin worked as an ILS portfolio supervisor with SCOR Global Investments in Paris, the possession management arm of the worldwide reinsurance company, for two years.
Previously, Rapin worked for Swiss Re Capital Markets in London, the insurance-linked securities (ILS) focused arm of the international reinsurance group, with a concentrate on ILS product distribution. Prior to London, she was based in New York for the reinsurer, throughout her nine years with that group.
Greg Hagood, co-founder and co-CEO of Nephila, described to us, “We value what Richard did to construct the foundation of Nephila Climate and we are excited about the potential customers for the business ahead under Marias leadership.”
Nephila has enthusiastic plans for the environment risk transfer and climate ILS organization, with the increasing focus throughout the world on sustainability, strength and environment direct exposure set to drive chances for responsive climate threat funding structures and ILS financial investment opportunities in that sector.
Nephila has actually already been concentrating on ESG investing, with its own origination-first technique in the Climate business perhaps one of the most ESG appropriate techniques in ILS already.
The company informed us it is working to develop more effect and climate risk transfer options, backed by its investor base and growth of the team at Nephila Climate to support that is already underway.

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