Nephila Capital Selects SEI as a Global Strategic Partner
SEI (NASDAQ:SEIC) has been selected by Nephila Capital, a leading reinsurance risk investment manager, to handle their back- and middle-office operations across North America and the UK. Nephila, owned by Markel Group, manages approximately $7 billion in assets and is one of the largest insurance-linked securities (ILS) managers globally.
The partnership comes as the ILS market is projected to grow from $100 billion to $200 billion by 2032. SEI will provide comprehensive services including reconciliation, payment processing, automation, data aggregation, streamlined workflows, and investor onboarding to support Nephila's operational efficiency and growth objectives.
SEI (NASDAQ:SEIC) è stata scelta da Nephila Capital, gestore di investimenti nel rischio di riassicurazione, per gestire le attività di back e middle office in Nord America e nel Regno Unito. Nephila, controllata da Markel Group, gestisce circa 7 miliardi di dollari in asset ed è uno dei maggiori gestori mondiali di strumenti collegati alle assicurazioni (ILS).
La collaborazione arriva mentre il mercato ILS è previsto crescere da 100 miliardi a 200 miliardi di dollari entro il 2032. SEI fornirà servizi completi tra cui riconciliazioni, gestione dei pagamenti, automazione, aggregazione dei dati, ottimizzazione dei flussi di lavoro e onboarding degli investitori per sostenere l'efficienza operativa e gli obiettivi di crescita di Nephila.
SEI (NASDAQ:SEIC) ha sido seleccionada por Nephila Capital, un gestor líder en inversiones de riesgo de reaseguro, para encargarse de sus operaciones de back y middle office en Norteamérica y el Reino Unido. Nephila, propiedad de Markel Group, administra aproximadamente 7.000 millones de dólares en activos y es uno de los mayores gestores globales de valores ligados a seguros (ILS).
La alianza llega en un momento en que se proyecta que el mercado de ILS crezca de 100.000 millones a 200.000 millones de dólares para 2032. SEI ofrecerá servicios integrales que incluyen conciliaciones, procesamiento de pagos, automatización, agregación de datos, flujos de trabajo optimizados y incorporación de inversores para apoyar la eficiencia operativa y los objetivos de crecimiento de Nephila.
SEI (NASDAQ:SEIC)가 선도적인 재보험 리스크 투자 운용사인 Nephila Capital의 북미 및 영국 지역 백오피스 및 미들오피스 업무를 맡게 되었습니다. Markel Group 소유의 Nephila는 약 70억 달러 규모의 자산을 운용하며 전 세계에서 가장 큰 보험 연결 증권(ILS) 운용사 중 하나입니다.
이번 파트너십은 ILS 시장이 2032년까지 1,000억 달러에서 2,000억 달러로 성장할 것으로 전망되는 가운데 이뤄졌습니다. SEI는 거래 대조, 결제 처리, 자동화, 데이터 집계, 워크플로 간소화 및 투자자 온보딩 등 포괄적인 서비스를 제공하여 Nephila의 운영 효율성과 성장 목표를 지원할 예정입니다.
SEI (NASDAQ:SEIC) a été choisie par Nephila Capital, un gestionnaire de placements spécialisé dans le risque de réassurance, pour prendre en charge ses opérations de back et middle office en Amérique du Nord et au Royaume-Uni. Nephila, propriété du groupe Markel, gère environ 7 milliards de dollars d'actifs et fait partie des principaux gestionnaires mondiaux de titres liés aux assurances (ILS).
Ce partenariat intervient alors que le marché des ILS devrait passer de 100 milliards à 200 milliards de dollars d'ici 2032. SEI fournira des services complets incluant réconciliations, traitement des paiements, automatisation, agrégation des données, rationalisation des flux de travail et intégration des investisseurs afin de soutenir l'efficacité opérationnelle et les objectifs de croissance de Nephila.
SEI (NASDAQ:SEIC) wurde von Nephila Capital, einem führenden Investmentmanager für Rückversicherungsrisiken, ausgewählt, um deren Back- und Middle-Office-Aktivitäten in Nordamerika und dem Vereinigten Königreich zu übernehmen. Nephila, im Besitz der Markel Group, verwaltet rund 7 Milliarden US-Dollar an Vermögenswerten und gehört zu den weltweit größten Managern von Insurance-Linked Securities (ILS).
Die Partnerschaft kommt zu einem Zeitpunkt, an dem der ILS-Markt voraussichtlich von 100 Milliarden auf 200 Milliarden US-Dollar bis 2032 anwachsen wird. SEI wird umfassende Dienstleistungen anbieten, darunter Abstimmungen, Zahlungsabwicklung, Automatisierung, Datenaggregation, optimierte Arbeitsabläufe und Investor-Onboarding, um Nephilias operative Effizienz und Wachstumsziele zu unterstützen.
- Strategic partnership with Nephila Capital, a major player managing $7B in insurance-linked securities
- Expansion into growing ILS market projected to reach $200B by 2032
- Enhancement of SEI's market position in providing back- and middle-office operations services
- None.
Insights
SEI's partnership with Nephila Capital strengthens its position in the growing ILS market, providing new revenue opportunities and business expansion.
This strategic partnership between SEI (NASDAQ:SEIC) and Nephila Capital represents a significant business win for SEI's investment services division. Nephila, managing approximately
The deal positions SEI to capitalize on the projected growth in the Insurance Linked Securities (ILS) market, which is forecast to nearly double from
What makes this partnership particularly valuable is its comprehensive nature - SEI will provide reconciliation, payment processing, automation, data aggregation, workflow streamlining, and investor onboarding services. This full-service approach suggests a substantial, long-term revenue stream rather than a limited engagement.
For SEI, securing Nephila as a client validates their technological capabilities and service offerings in the complex ILS space. The partnership enhances SEI's credibility in handling sophisticated financial products, potentially attracting similar institutional clients seeking operational support. This aligns with SEI's business model of leveraging its technology platform to provide scalable solutions across financial services.
The geographic footprint of this deal - spanning North America and the UK - also demonstrates SEI's ability to execute global service agreements, further strengthening its competitive position against purely regional providers.
Global Operational Footprint and Technology Capabilities Enable Scale and Power Growth
Nephila has managed institutional assets in the reinsurance industry for more than 20 years. Owned by Markel Group Inc. (NYSE:MKL), Nephila has offices in the US,
The ILS market is projected to nearly double, from approximately
Commenting on the decision to partner with SEI, Sean McDade, Head of Operations at Nephila, said:
"As we continue to focus on providing investors with positive returns and growing our established presence in the ILS market, we sought a strategic partner with a proven track record of managing complex products, providing a scalable infrastructure, and aligning with a client-centric culture.
"SEI was built with technology at its core, and their breadth of solutions not only met our criteria, but can be tailored to help us achieve our strategic goals. Their unique industry position, proven expertise, and innovative capabilities will enable efficiency, scale, and our growth."
Bryan Astheimer, Head of SEI's Investment Managers business, EMEA, added:
"Regardless of location or industry, our clients can benefit from our global footprint, stability, and working with a team that's closely aligned with their culture. We're thrilled to partner with Nephila to support their back- and middle-office operations. Their prominence stands out among the complex ILS industry, and we look forward to supporting their long-term growth."
1Assets under management as of 30 June 2025.
2Taylor Mixides, "Jefferies predicts strong growth in ILS market, doubling to
About SEI®
SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of June 30, 2025, SEI manages, advises, or administers approximately
About SEI's Investment Managers business
SEI's Investment Managers business provides advanced operating infrastructure for investment organizations of all types to evolve and compete in a landscape of escalating business challenges. SEI's global operating platform delivers customized and integrated capabilities across a wide range of investment vehicles, strategies, and jurisdictions to investment managers and asset owners. The company's services enable users to gain scale and efficiency, keep pace with marketplace demands, and run their businesses more strategically. For more information, visit seic.com/ims.
About Nephila
Nephila was co-founded by Frank Majors and Greg Hagood in 1997 to invest in insurance-linked securities focused on natural catastrophe. In 2003, the co-founders purchased the company from Willis to establish an independent company, Nephila Capital Ltd. In November 2018, MKL, a global specialty insurer and investment company, acquired
Since its founding, Nephila has broadened its investment strategy, expanding beyond natural catastrophe. In 2005, the Firm launched its Climate Risk strategy, the first and only dedicated climate risk manager focused on providing insurance solutions to support a sustainable economy, such as renewable energy and agriculture. In 2022, the Firm launched its Specialty Risk strategy, focused on selective best in class non-catastrophe exposures, such as energy, aviation, terror, and cyber. As of June 30, 2025 Nephila manages approximately
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SOURCE SEI Investments Company
FAQ
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