2 July 2018Insurance

Neon launches Nordic-focused marine business in Copenhagen

Specialist Lloyd's insurer Neon has launched Orca Insurance Agency, a Lloyd’s approved coverholder that will underwrite on behalf of Neon Syndicate 2468.

Headquartered in Copenhagen and led by CEO Lars Hendriksen, Orca will focus on the Nordic markets, offering comprehensive marine risk solutions. This includes offering insurance products, as well as risk consultancy and engineering services for the shipping industry.

Hendriksen has over three decades of experience in the marine industry. He has held a number of senior management roles within the sector including at Codan Marine RSA Scandinavia and the Survey Association.

Additionally, Henrik Pilegaard has been appointed chief underwriting officer of Orca. He has 16 years of marine insurance experience. Throughout his career, he has held senior roles in underwriting, risk management and claims.

Neon said risk engineering capability and technical expertise will sit at the core of Orca’s offering and it will offer clients dedicated in-house claims handling.

Martin Reith, Neon group CEO, commented: “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.”

“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,” Reith added.

Make sure you are GDPR compliant and  confirm your email address to keep getting our daily emails

More of today's news

Loss-free Florida property flat at June/July renewals 

XL Catlin leads $16.5m funding in maritime risk startup Windward

Ageas gets approval for reinsurance activities in Belgium

Flood Re to reduce 2019 premium

DARAG poaches new group CEO from R&Q in expansion move

Brit swoops for Navigators to grow US casualty unit

McLarens expands in Asia with new Malaysian operation

Prudential plans $700m Malaysia IPO

Digit Insurance acquires ITI Reinsurance

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
21 December 2018   Lloyd’s managing agency Neon Underwriting (NUL) has promoted Theo Butt to CEO and Matthew Washington to managing director with immediate effect.
Insurance
8 June 2018   Neon Bermuda has made two appointments: a new non-executive director and an assistant vice president of property insurance underwriting.
Insurance
23 May 2018   Lloyd’s specialist insurer Neon has hired Theo Butt for the newly created role of group underwriting director.