Icat and Neon team up on D&F large property accounts

Icat's Lloyd's Syndicate 4242 and Neon have entered into a
reciprocal capacity arrangement that will bring up to $40mn of new
per account limit to the Bermuda property direct and facultative
(D&F) market.
The additional per risk catastrophe capacity will see Neon offer
the limit on properties underwritten from its Bermuda office, with
Syndicate 4242 delegating authority to the Martin Reith-headed
insurer to write larger property schedules.
Neon - the rebranded Marketform - launched its Bermu