Neon hires Hiscox underwriter to further build property team

Specialist Lloyd's insurer Neon has appointed former Hiscox underwriter Ben Murphy to its property insurance team in London.

Murphy is the latest in a series of high profile hires over the past year across London and Bermuda offices to build Neon’s property insurance offering, led by Chris Fisher. The other appointments include property D&F (direct and facultative) underwriters Dwayne Hunt and Kevin Stokes in Bermuda, and Sam Yates and Catherine Sethi in London.

Murphy started his career at AIG, and most recently worked at Hiscox. During his time at Hiscox, he spent 12 years as a property underwriter, most recently working on the commercial property account and specialised in North American and Caribbean business.

In his new role at Neon, Murphy will support the build out of Neon’s proposition in the commercial binder space to supplement its existing binder, open market D&F and property reinsurance businesses. He will work alongside Jonathan Powell, a Lloyd’s underwriter who joined Neon earlier this year.

Martin Reith, Neon chief executive, commented: "I am very pleased to welcome Ben to Neon. Property is an area where we see great potential and our continued ability to attract exceptionally high quality talent drives great confidence in the business, as we deliver on the opportunities we have identified. Ben has an excellent reputation coupled with some fantastic relationships in the London market and will be an integral part of our growing London Property Binders team."

Get the latest re/insurance news sent to your inbox every day -  Sign up to our free email newsletters

Today’s stories

NFIP reinsurers may face total loss due to Harvey

Texas chemical factory likely to explode due to Harvey

Prudential Group Insurance rehires former exec as chief underwriting officer

Lloyd's premium may decline in 2017/18

Partner Re Bermuda general counsel moves to Hamilton Insurance

Harvey economic losses may reach $90bn

Navigators reveals new Liberty hire and promotions in US marine division

Lockton hires complex risk expert from Aon in the US

Don't miss our insurtech email newsletter - sign up today