Global insurance and reinsurance group Neon has named Nick Pritchard as Head of Property Reinsurance, initially based in Bermuda for the firm.
Pritchard will oversee the expansion of Neon’s property reinsurance operations, both across the companies Bermuda and London offices. Effective immediately, Pritchard will report to Chris Fisher, Chief Executive Officer of Neon Bermuda, and Darren Lednor, Neon’s Chief Underwriting Officer in London in this new role.
Pritchard joins Neon from Bermuda-based AlphaCat, the Validus third-party and ILS capital manager, where originated business and underwrote for the managers funds. Before that Pritchard was a U.S. property underwriter at Validus and has been based in Bermuda since 2009, having previously been in London at Talbot.
Neon’s Bermuda office underwrites direct and facultative property insurance on a global basis as an approved Lloyd’s coverholder for Neon Syndicate 2468. This appointment increases Neon’s property reinsurance capabilities, building on the work of Darren Lednor in London during 2016, and also extends Neon Bermuda’s product offering.
Chris Fisher, Chief Executive Officer of Neon Bermuda, commented on the announcement; “Since launching last year, we’ve been encouraged by the progress Neon has made in Bermuda. We are delighted to announce that Nick will be joining the business; his hire will significantly strengthen our Bermuda based team following the additional key hire of Dwayne Hunt in the property direct & facultative business line in October 2016. Nick is well known in the reinsurance market in both the US and London and, having spent over 7 years in Bermuda, has a well-established local reputation and track record. I look forward to working with Nick as we continue to develop a clear and compelling proposition for our clients.”