13 February 2017Insurance

Neon appoints Validus exec as head of property reinsurance

Specialist Lloyd's insurer Neon has appointed Nick Pritchard as head of property reinsurance with immediate effect.

In his new role, Pritchard will report to CEO of Neon Bermuda Chris Fisher, and chief underwriting officer in London Darren Lednor. Pritchard will initially be based in Neon's Bermuda office and will oversee growth of the company's property reinsurance operations across both its Bermuda and London offices.

Pritchard joins Neon from Bermuda-based AlphaCat, a subsidiary of Validus, where he focused on business origination and underwriting for the managed funds unit. Prior to this, he was a member of the US property underwriting team at Validus and has been based in Bermuda since 2009, when he relocated from Lloyd’s insurer Talbot following its acquisition by Validus.

Fisher commented: "Since launching last year, we've been encouraged by the progress Neon has made in Bermuda. We are delighted to announce that Nick will be joining the business; his hire will significantly strengthen our Bermuda based team following the additional key hire of Dwayne Hunt in the property direct and facultative business line in October 2016.

"Nick is well known in the reinsurance market in both the US and London and, having spent over seven years in Bermuda, has a well-established local reputation and track record. I look forward to working with Nick as we continue to develop a clear and compelling proposition for our clients."

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