HDI Global Specialty SE has announced the launch of its Political and Credit Risk team in London with the appointments of Nick Robinson and Anthony Vaughan from Neon Underwriting.
The pair join HDI Global Specialty’s London office, and the new team will work in partnership with the company’s existing Political Risk team in Stockholm, Sweden.
Robinson has been named as Head of Political Risk & Structured Credit in London, and brings over two decades of political risk insurance experience to the company, which includes the establishment and expansion of a successful PRI book at Marketform, latterly Neon Syndicate. This included Confiscation, Expropriation, Nationalisation and Deprivation, Contract Frustration, and Structured Credit insurance.
During his career, Robinson has also worked for AIG London, Wellington Underwriting, and insurance and reinsurance broker JLT.
Vaughan joins HDI Global Specialty as Senior Analyst and Underwriter. He is a CFA charterholder by training and began his career in 2002 at the Australian Prudential Regulation Authority. Following this, he spent nine years with Sumitomo Mitsui Banking Corporation in numerous roles, lastly serving as a credit analyst in London. He joined Neon in 2017 and played an important role in setting up the firm’s Structured Credit business plan.
Richard Taylor, HDI Global Specialty SE UK Managing Director, said: “I’m pleased to be welcoming Nick and Anthony to the London team at HDI Global Specialty SE. Since the creation of the business at the start of last year, we have said we will be looking for opportunities to expand our offering to the market which now extends to Credit products including both public and private obligor default and lenders protection alongside existing Political Risk coverage.
“This is another example of the business delivering on its stated strategy of organic and inorganic growth.”
At the start of this year, it was announced that American Financial Group, Inc. had decided to pull out of Lloyd’s of London, resulting in Neon Underwriting, its Lloyd’s Managing Agency, being placed into run-off.
As we wrote on May 22nd, Neon is up for sale in a process being run by broker TigerRisk Partners, with a number of different opportunities seen to attract potential buyers.