Neon makes double hire to expand property insurance team

Neon has expanded its property insurance team with the recent additions of Lloyd’s market veteran Jonathan Powell and Sam Yates.

 

In his new role, Powell will focus on building out Neon’s offering in the residential binder space to supplement its existing open market direct and facultative (D&F) and property reinsurance businesses.

 

Yates, meanwhile, will be responsible for expanding Neon’s open market property (D&F) business in London. Yates will also work closely with Chris Fisher and Dwayne Hunt in the Bermuda office to support the North American portfolio.

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“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 Chris Fisher, Neon Bermuda CEO and head of property insurance.

 

Powell has been in the industry for 30 years, joining from Hiscox where he was concentrated on North American binders. Yates has over 10 years of experience, focusing on property underwriting.

 

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