Neon launches marine and offshore construction consortium with Lloyd’s capacity

Specialist Lloyd's insurer Neon has launched a new marine and offshore construction consortium that offers $70 million capacity for shipyard construction and $55 million for rig construction.

The Neon-led consortium, with capacity from a range of Lloyd’s syndicates, seeks to address the increasingly bespoke insurance needs of shipyard clients, the insurer said. The consortium is underwritten by Mireille Dolonen, who joined the company in June 2016.

"Underwriters in London can no longer afford to sit back and expect business to come to them when macroeconomic conditions, product lines, strategic, financial and operational risks are all changing and shaping the insurance needs of shipyards," said Angus Wilson, head of marine at Neon.

"With Neon at the forefront, this customer-centric initiative increases the London market’s relevance and proximity to clients and enhances client advocacy through improved communication. The launch of this consortium is also a clear example of Neon’s ambitions to become one of the leading providers of Marine insurance in the London market, capitalising on Mireille’s unrivalled expertise."

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