Neon News

MGA Chord Re Launches as Specialty Reinsurer, Writing on Behalf of Neon

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 …

Growing List of Re/Insurers Make Decisions on Post-Brexit EU Headquarters

Everest Re Group Ltd. has said its Dublin-based unit has received approval from the Central Bank of Ireland to become a non-life insurer, joining a growing list of insurers setting up regulated EU operations in case Britain does not have …

Neon Taps Boorman from Probitas Syndicate 1492 as Head of Financial Lines

Neon has appointed Charles Boorman as head of Financial Lines and Ian West as director of Major Client Relations. Boorman brings 25 years of experience in the industry, most recently at Probitas Syndicate 1492 as head of Financial Lines. Prior …

Neon Appoints Argo’s Gibson as Reinsurance & Alternative Capital Director

Neon announced it has hired Mark Gibson as Reinsurance and Alternative Capital director, reporting to Managing Director Ian Martin. Gibson is responsible for developing Neon’s outwards reinsurance program and third party capital strategy. With 30 years’ experience in the sector, …

Neon Appoints Argo’s Gibson as Reinsurance & Alternative Capital Director

Neon announced it has hired Mark Gibson as Reinsurance and Alternative Capital director, reporting to Managing Director Ian Martin. Gibson is responsible for developing Neon’s outwards reinsurance program and third party capital strategy. With 30 years’ experience in the sector, …

Neon Names Novae’s Watson as Underwriter in Professional Indemnity Team

Neon announced it has appointed of Matthew Watson as an underwriter in its professional indemnity team. Watson is based in London and reports to Antonio Bellanca, head of Professional Indemnity at Neon. He joins from Novae where he was senior …

Neon Builds Claims Team by Appointing MS Amlin’s Coley, XL Catlin’s Sterling

Neon has completed the build-out of its claims team with the recent appointments of Gavin Coley as technical head of claims and James Sterling as claims manager for professional indemnity & financial lines. “Claims Director Sharon Long initiated the team …

Neon Appoints Sirius’ Sethi as Senior D&F Underwriter

Neon has appointed Catherine Sethi as senior underwriter in its Property Direct & Facultative (D&F) team. Based in London, Sethi will report to Sam Yates, who joined Neon recently to lead the expansion and growth of its London property D&F …

Neon Launches Marine & Offshore Construction Consortium

Specialist Lloyd’s underwriter Neon has launched a Marine and Offshore Construction Consortium. Seeking to address the increasingly tailored insurance needs of shipyard clients, the Neon led-consortium offers $70 million capacity for shipyard construction and $55 million for rig construction, said …

Neon Names AlphaCat’s Pritchard as Head of Property Reinsurance

Neon has appointed Nick Pritchard as head of Property Reinsurance. Pritchard initially will be based in Neon’s Bermuda office and will oversee the growth of Neon’s property reinsurance operations across both its Bermuda and London offices. The appointment will be …