American Financial Group Agrees to Sell Run-Off Lloyd’s Insurer Neon to RiverStone September 28, 2020 American Financial Group Inc. announced it has reached a definitive agreement to sell GAI Holding Bermuda and its subsidiaries, comprising...
It’s Clear Insurance Agency Data Is Valuable. Who Owns It May Not Be So Clear. August 24, 2020 By Andrea Wells Independent agencies, like every other business, are living in a data-driven world. The value of data — including how and...
American Financial Group Decides to Exit Lloyd’s, Putting Neon into Run-off January 7, 2020 American Financial Group (AFG) disclosed it will exit the Lloyd’s of London insurance marketplace in 2020, which it joined in...
Reith to Step Down as Group CEO of Neon September 16, 2019 American Financial Group Inc. announced that Martin Reith intends to resign his executive roles with Neon, including stepping down as...
Neon Leads New London Political Risks Consortium, Offering $100M Limit Per Policy March 28, 2019 Specialist Lloyd’s insurer Neon announced it will lead a newly established London Political Risks Insurance Consortium, with MS Amlin becoming...
HDI Global Specialty Acquires Neon Underwriting’s Bloodstock Team February 28, 2019 HDI Global Specialty SE, the new specialty lines insurer, has acquired Neon Underwriting’s bloodstock team. The team is led by...
Neon Sponsors 2nd ILS Transaction via UK Transformer Vehicle NCM Re January 8, 2019 Neon announced it successfully has raised third party capital to support its second insurance linked securities (ILS) transaction through its...
Neon Underwriting Promotes Butt to CEO, Washington to Managing Director December 21, 2018 Neon Underwriting Ltd. (NUL), Neon’s Lloyd’s managing agency, announced the promotions of Theo Butt to chief executive officer and Matthew...
Venture Capital Firm, Beat Capital, to Merge with Insurer Investment Vehicle Paraline UK August 23, 2018 By L.S. Howard Venture capital firm Beat Capital Partners and insurance investment vehicle Paraline UK announced they plan to merge – in a...
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...