Reinsurance News

Neon grows Property Insurance segment with two hires

27th February 2017 - Author: Luke Gallin

Insurance and reinsurance group Neon has announced the appointment of Sam Yates and Jonathan Powell within its Property Insurance team.

Yates will be responsible for growing the firm’s open market property direct and facultative (D&F) business in London, and has more than 10 years experience working on property underwriting. He will work closely with Chris Fisher and Dwayne Hunt in the Neon Bermuda office, announced the firm.

“I am delighted to welcome Sam and Jonathan to our Property Insurance team. These hires are a bold statement of Neon’s ambition to grow its property insurance proposition and provide further evidence of our ability to attract high-quality talent,” said Fisher, Chief Executive Officer (CEO), Neon Bermuda and Head of Property Insurance.

“Sam is a technically strong underwriter with in-depth knowledge of the market following his days at Ariel and FM Global, and Jonathan’s longstanding relationships are highly complementary to Neon’s open market D&F book,” he continued.

Powell has more than 30 years’ experience in the Lloyd’s of London marketplace, and most recently worked at Hiscox with a focus on North American binders. Powell will be tasked with expanding Neon’s offering in the residential binder sector, to supplement Neon’s open market D&F and property reinsurance business.

“These hires continue to strengthen Neon’s global reach and I am excited by the opportunity to package other lines alongside our residential property business and to utilise our cross-class capabilities. I look forward to working with our expanded team as we continue to grow and enhance our offering to clients and brokers,” added Fisher.

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