Nephila's Velocity to carve out coastal risk from insurance giants

Nephila's property cat-focused MGA Velocity Risk
Underwriters is working with some of the largest US personal lines
carriers on an initiative that could see it write a significant
portfolio of coastal exposure, The Insurance
Insider can reveal.
According to sources, Velocity has reached agreement with a
large national carrier and a number of major distribution sources
to assume swathes of cat risk on the A rated paper it offers
through Nephila's fronting partners. It is understood to also
be in.