Neon selects TigerEye for turn-Key underwriting analytics as it develops Treaty Reinsurance business
London Thursday 07 July, 2016
Neon today announces that it has selected TigerRisk Partners’ TigerEye® platform as its pricing and roll-up tool to support the company’s increasing presence in the property reinsurance marketplace
As previously announced, after completing a strategic review of the business, Neon will be entering the property reinsurance treaty market gradually and with a highly disciplined underwriting approach.
TigerEye is a powerful, fast, and intuitive reinsurance pricing and portfolio roll-up platform. The platform was developed five years ago and is now being licensed as the structuring and portfolio management tool of choice for a wide range of insurers, reinsurers, collateralized funds and model vendors.
Darren Lednor, Chief Underwriting Officer of Neon commented:
“Key to our success in the property reinsurance market will be advanced analytics, and for that reason we have selected TigerEye.
“We see opportunity in treaty reinsurance and are confident that the underwriting expertise we have in house, combined with market leading analytics afforded to us through the use of TigerEye, will allow us to develop strong and mutually beneficial reinsurance partnerships.”
Tom Daly, CTO at TigerRisk said:
“We’re pleased to support Neon’s entry into the treaty reinsurance space and look forward to providing them with industry leading analytical capabilities.”
More about TigerRisk Partners
TigerRisk Partners is a privately held reinsurance broker and risk/capital management advisor founded in 2008 by Jim Stanard, founder and former CEO of Renaissance Re, and Rod Fox, former CEO of the U.S. operations of Benfield. TigerRisk Capital Markets & Advisory (TCMA), a broker dealer registered with the U.S. Securities and Exchange Commission, a member of FINRA and a member of SIPC, is a wholly owned subsidiary providing clients strategic advice on mergers, acquisitions, capital markets products and transactions. Headquartered in Stamford, CT., TigerRisk has offices in New York, Bermuda, London, Hong Kong, Minneapolis, Chicago, Raleigh and Dallas. For more information visit TigerRisk.com.
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