Bermuda-based Nephila Capital Ltd. expects to launch its own Lloyd's of London managing agency, Nephila Syndicate Management Ltd., on Oct. 11.
The investment manager has received U.K. regulatory approval to establish the entity.
Asta Managing Agency Ltd. has managed Nephila's Syndicate 2357 since 2013. The syndicate is expected to meet the £400 million stamp capacity planned for 2019.
