The new Nimbus Casualty facility offers up to $75m in coverage capacity, with a minimum attachment point of $25m.
Under this agreement, UIB will utilise CyberCube’s Broking Manager and Prep Module.
Once the deal is finalised, Bermuda-based reinsurer F&G Life Re will operate under the name Ancient Re.
The move follows regulatory clearance in Qatar for MiIncome, an income-protection offering designed to address short-term earnings interruptions through digital payouts.
