Neon Launches Copenhagen-Based Marine Business, Orca

July 2, 2018

Neon announced the launch of Orca Insurance Agency, a Lloyd’s approved coverholder which will underwrite Nordic marine business on behalf of Neon Syndicate 2468.

Headquartered in Copenhagen and led by CEO Lars Hendriksen, Orca will offer insurance products, risk consultancy and engineering services for the shipping indust\y.

Hendriksen brings over three decades of experience in the marine industry to the role. He has held a number of senior management roles within the sector including at Codan Marine RSA Scandinavia and the Survey Association and has an Executive MBA in shipping and Logistics from Copenhagen Business School.

Henrik Pilegaard joins Orca as chief underwriting officer bringing 16 years of marine insurance experience to the position. Throughout his career, he has held senior roles in underwriting, risk management and claims.

Risk engineering capability and technical expertise will sit at the core of Orca’s offering and it will offer clients dedicated in-house claims handling.

“It is a pleasure to announce the launch of our Nordic venture, Orca. Copenhagen is an excellent base to build out our marine capabilities and establishing a significant presence here is core to our growth aspirations,” said Martin Reith, Neon Group chief executive and chairman of Orca.

“Orca will not be just another marine business, however. The team shares Neon’s philosophy and commitment to a technical approach, based on considerable experience and expertise. The combination of this and their relationships in the local market – and ability to offer both underwriting and risk consultancy – represents a unique client proposition,” Reith added.

“This will be further complemented by Neon’s entrepreneurial and innovative approach and, over the coming years, we anticipate adding new classes and underwriting teams to the Orca platform, as Neon continues its international growth,” he went on to say.

“The Orca team is excited to launch as part of the Neon Group. We believe we have a compelling and differentiated client offering, underpinned by a blend of technical knowledge and strong risk selection,” said Hendriksen.

Source: Neon

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