Reinsurance News

Neon expands marine offering in Nordic markets

2nd July 2018 - Author: Charlie Wood

London-headquartered Neon Underwriting has announced the launch of Orca Insurance Agency, a business aimed at providing marine solutions to the Nordic Markets.

Neon logoThe Lloyd’s of London approved coverholder, which will underwrite on behalf of Neon Syndicate 2468, is to offer marine risk solutions – including insurance products, consultancy and engineering services for the shipping industry – from its headquarters in Copenhagen.

Risk engineering capability and technical expertise is expected to be key to Orca’s offering from its in-house team.

Orca is to be led by Chief Executive Officer (CEO) Lars Hendriksen, a 30-year veteran of the marine industry who has held numerous senior management positions including at Codan Marine RSA Scandinavia and the Survey Association.

Commenting on his new role at Orca, Hendriksen said, “The Orca team is excited to launch as part of the Neon Group. We believe we have a compelling and differentiated client offering, underpinned by a blend of technical knowledge and strong risk selection.”

Also joining as Chief Underwriting Officer (CUO) is Henrik Pilegaard, who brings with him 16 years of marine underwriting experience to the role.

Neon Group CEO and Chairman of Orca, Martin Reith, said, “It is a pleasure to announce the launch of our Nordic venture, Orca. Copenhagen is an excellent base to build out our marine capabilities and establishing a significant presence here is core to our growth aspirations.

“Orca will not be just another marine business, however. The team shares Neon’s philosophy and commitment to a technical approach, based on considerable experience and expertise. The combination of this and their relationships in the local market – and ability to offer both underwriting and risk consultancy – represents a unique client proposition,” added Reith.

“This will be further complemented by Neon’s entrepreneurial and innovative approach and, over the coming years, we anticipate adding new classes and underwriting teams to the Orca platform, as Neon continues its international growth.”

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