Newly rebranded insurance firm Neon aims to increase its presence in the property reinsurance market with the help of brokerage firm TigerRisk Partners.
The specialist Lloyd’s insurer said it has selected the broker’s TigerEye platform as its pricing and portfolio roll-up tool that will support the company’s reinsurance expansion.
Neon described TigerEye as a “powerful, fast and intuitive” platform that is now being used by re/insurers, collateralised funds and model vendors.
“Key to our success in the property reinsurance market will be advanced analytics, and for that reason we have selected TigerEye,” said Neon chief underwriting officer Darren Lednor.
Lednor expects that the market-leading analytics provided through TigerEye will allow Neon to develop “strong and mutually beneficial reinsurance partnerships.”
“We see opportunity in treaty reinsurance,” he said.
Neon earlier announced that it will enter the property reinsurance treaty market “gradually and with a highly disciplined underwriting approach.”
“We’re pleased to support Neon’s entry into the treaty reinsurance space and look forward to providing them with industry leading analytical capabilities,” said Tom Daly, chief technology officer at TigerRisk.
Neon’s move to the reinsurance market follows its recent rebranding from Marketform and a complete strategic review of its business.
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