PRA approves $60mn Neon sidecar

19 December 2017

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Lloyd's (re)insurer Neon has received the green light from the Prudential Regulation Authority (PRA) to establish a sidecar and will now become the first carrier to use the new UK ILS framework.

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PRA approves $60mn Neon sidecar

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PRA approves $60mn Neon sidecar

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Fuel a smarter strategy with our actionable market intelligence

Topics

Heritage expects $48mn Debby, Helene cat loss, $57mn cat loss from Milton

Munich Re disclosures may imply higher-than-expected Helene industry losses

K2 Advisors holds ILS at ‘overweight’ in Q4 hedge fund outlook

Perils lowers Babet/Aline storm loss estimate 7.5% to EUR639mn

PFZW’s ILS investments return 11.7% year-to-date