Velocity gears up for July voluntary homeowners' market launch

Nephila's Velocity Risk Underwriters is on course for a July
launch in the coastal voluntary homeowners' market after
building out its personal lines platform.According to sources, the managing general agency (MGA) is now
close to adding admitted market premium to its books in Florida and
other wind-exposed states.The vehicle has already dipped a toe in Florida by completing
two Citizens wind-only takeouts. In addition, it has been
underwriting commercial property in the excess and surplus lines