Neon unveils new contingency offering with Barents Re hire

Specialist Lloyd's insurer Neon has launched a new contingency offering with the hiring of Barents Re executive Jeremy Cooke as contingency underwriter.

Cooke will be responsible for establishing Neon’s name in the event cancellation market, an area previously written on an opportunistic basis only.

Prior to joining Neon, Cooke was head of contingency at Barents Re and held underwriting roles at ProSight Specialty Insurance and Chubb. He started his career at Hiscox.

Neon said it wants to build a refreshed proposition and portfolio offering, with continued progress being made across the business. In the first quarter of 2018, Neon launched UK’s first ILS vehicle, and expanded both its political and credit risk and M&A insurance teams.

Darren Lednor, chief underwriting officer on Neon, commented: “We have made strong progress in consolidating our existing portfolio and this has given us an excellent platform from which to expand into new lines. Neon is a dynamic business and we are committed to attracting fresh, experienced talent as we continue to grow.”

“I am pleased to welcome Jeremy to Neon and look forward to him helping us establish a market-leading contingency offering.”

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