This edition of International People Moves details at Fairfax Insurance Group and Acrisure’s Volante. A summary of these new hires follows here. Fairfax Insurance Group Names Young as President, Barnard as Chair Fairfax Financial Holdings Ltd. announced that Brian Young …
American Financial Group Inc. announced that Martin Reith intends to resign his executive roles with Neon, including stepping down as group CEO of Neon, effective Sept. 30, 2019. He will remain a member of the Neon Underwriting Ltd. (NUL) Board …
Neon Underwriting Ltd. (NUL), Neon’s Lloyd’s managing agency, announced the promotions of Theo Butt to chief executive officer and Matthew Washington to managing director with immediate effect. The appointments are subject to approval by Lloyd’s and the UK Prudential Regulation …
Venture capital firm Beat Capital Partners and insurance investment vehicle Paraline UK announced they plan to merge – in a move that is designed “to enhance and further build Beat’s platform to support independent underwriting businesses.” As a result of …
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 …
Neon announced it has launched the first ILS vehicle in the UK, NCM Re (UK PCC) Ltd., and raised third party capital to support the UK’s first ILS transaction. NCM Re is the first UK-domiciled protected cell company, which utilizes …
Neon has announced the appointment of Richard Heppell as chief financial officer, effective Nov. 20. Most recently CFO at MS Amlin, Heppell oversaw the complex integration of the Amlin and Mitsui Sumitomo Insurance Lloyd’s syndicates, having previously been finance director …
Chord Re, a new underwriting vehicle established by Stefan Long, formerly head of Aspen Re London, has launched operations on Nov. 6. Chord Re expects to both structure and lead programs in specialist classes and will initially underwrite on behalf …
Neon announced the launch of an underwriting operation in Italy with Cambiaso Risso, a leading Italian marine broker who will have a minority shareholding in the venture. Based in Genoa, Neon Italy will initially target hull and cargo business placed …
Neon has expanded its M&A consortium, with capacity increasing from £50 million ($62.2 million) to £75 million ($93.3 million), effective on Jan. 1, 2017. The consortium is led by Neon and is 100 percent backed by Lloyd’s markets, the London-based …
