Broomfield, Colo.-based ICAT has teamed up with Neon to provide an additional $10 million of per-risk capacity to catastrophe-exposed commercial properties in the U.S.
The partnership expands ICAT’s per-risk catastrophe capacity to $150 million.
ICAT’s focus is on helping homeowners and business owners in hurricane- and earthquake-prone regions of the country recover from natural disasters. Business is produced in partnership with retail agents and wholesale brokers.
Neon is an insurer operating in the specialist Lloyd’s market.
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