Neon appoints pricing head from Novae

Specialist Lloyd's insurer Neon has appointed Tim Overton to the newly-created role of head of pricing.

Having previously held senior pricing positions at Liberty Mutual Insurance Europe, Overton joins Neon from Novae where he oversaw the growth and transformation of their pricing approach to an embedded analytics function at the heart of underwriting. He has over 13 years’ experience in technical London Market pricing.

In his new role, Overton will work closely with Neon’s underwriting teams to develop technical pricing models, a governance framework and the leading analytical capability required to push the business forward.

He will report into Darren Lednor, chief underwriting officer, ensuring pricing discipline sits at the very core of Neon’s refreshed underwriting proposition, the company said.

Martin Reith, Neon group chief executive, said: "It is a pleasure to welcome such a high calibre and experienced head of pricing to Neon. Our focus remains on delivering disciplined, data-driven underwriting solutions and Tim’s experience will be invaluable as we continue to differentiate Neon from our peers."

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