Syndicate 2468 News

Venture Capital Firm, Beat Capital, to Merge with Insurer Investment Vehicle Paraline UK

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 Launches Copenhagen-Based Marine Business, Orca

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 Launches First ILS Vehicle in UK, NCM Re

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 Enters Reinsurance Run-Off Agreement for Syndicate 2468’s 2015 & Prior Years

Neon announced it has entered into a reinsurance to close (RITC) agreement for Syndicate 2468’s 2015 and prior years of account. The agreement was formed with StarStone, a global specialty insurer and subsidiary of Enstar Group Ltd. The transaction provides …

Neon Launches Marine Joint Venture in Italy

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 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 …

Specialist Lloyd’s Insurer Neon Opens Bermuda Office with Fisher as CEO

The specialist Lloyd’s insurer Neon, formerly known as Marketform, announced it has opened an office in Bermuda as it grows its international footprint with greater access to both the Bermudian and U.S. markets. Located at 29 Victoria Street, Hamilton, the …

Lloyd’s Underwriter Marketform Appoints Murru as Financial Lines Underwriter

Specialist Lloyd’s underwriter Marketform, which operates Syndicate 2468 at Lloyd’s, announced that Roberto Murru joined the company as an underwriter in its growing financial lines team led by Ian West. Fluent in Italian, Murru began his insurance career in 1985 …

Reith to Join Marketform Managing Agency as Chief Executive Officer

American Financial Group Inc.* announced that Martin Reith has been appointed chief executive officer of Marketform Managing Agency, which operates Syndicate 2468 at Lloyd’s of London, effective November 2015. Reith has over 25 years’ experience across underwriting, management and leadership. …