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.

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