Neon raises third party capital to support first UK ILS vehicle


Specialist Lloyd's insurer Neon has unveiled the first insurance-linked securities (ILS) vehicle to be formed in the UK and completed a $72 million collateralised quota share reinsurance transaction that will underwrite a portion of its syndicate’s business.

Neon, ILS, Reinsurance, UK, NCM Re, PCC, ILS regulations

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