Marsh and Nephila bring alternative capital property offering to market

Commercial property news

Called Alternus, the commercial insurance offering will be managed by Schinnerer’s underwriting management unit Victor O. Schinnerer & Company. Alternus is backed by a combination of capacity from Allianz Global Corporate & Specialty and alternative investment manager Nephila Capital. Offered exclusively through Marsh in time for the 1 May renewals, Alternus will cover up to 10% of an insured’s entire property insurance program with up to $200m (£156m) in limits per program. Christopher Schape