Chord Re to Launch as Reinsurance-Focused MGA
London Tuesday 14 November, 2017
New underwriting venture to write on Neon paper
Chord Re, a new underwriting vehicle established by Stefan Long, formerly Head of Aspen Re London, is pleased to announce its launch. Chord Re expects to both structure and lead programmes in specialist classes and will initially underwrite on behalf of Neon Syndicate 2468.
Launching operations on 6th November, Chord Re will start quoting for risks incepting from 1/1/18, having already received the requisite approvals to act as a Lloyd’s Coverholder. The core focus of the business for the first year will be specialty-focused reinsurance lines, including Marine and Marine Composite, Property, Engineering, Aviation & Space, Terror, Nuclear and Cyber.
Stefan will be joined by Tom Meyer as Chief Underwriting Officer, alongside Chris Schmidt, Ed Wheatley and Marc Brendle. The team will also include two Assistant Underwriters and will work closely with Neon’s Chief Underwriting Officer and Active Underwriter Darren Lednor across its portfolio. John Cavanagh will also join as Non-Executive Chairman upon retirement from Willis Re at the end of 2017.
Chord Re is a joint venture between Neon, Beat Capital and Chord Re’s management team, who have long-term ambitions to transition Chord Re into a fully integrated reinsurance carrier.
Stefan Long, CEO of Chord Re, said:
“We intend to build a market-leading reinsurance business, differentiated by product expertise, with a balanced portfolio that combines quantitative analysis with experienced judgement to provide clients with innovative tailored solutions. We believe that the knowledge, experience and relationships of the team at Chord Re, aligned to the support of Neon, creates a compelling proposition and we look forward to offering an attractive new source of capacity to the market.”
Martin Reith, Neon Group Chief Executive, said:
“We are excited about the launch of Chord Re and its world-class underwriting talent. Recent industry losses have resulted in some market dislocation and the team will differentiate itself by offering substantial expertise, leadership and creativity to structure solutions for clients.”
“Neon’s momentum continues to build as our platform attracts yet more of the market’s sharpest entrepreneurial minds. Chord Re provides further demonstration of our ambitions to build a high quality underwriting portfolio.”
Tom Milligan, Chairman of Beat Capital, added:
“We are delighted to partner with Neon again in the creation of another exciting business, following the launch of Tarian in 2016.”
MEDIA ENQUIRIES
HAGGIE PARTNERS
Tel: +44 (0) 20 7562 444
- Peter Rigby peter.rigby@haggie.co.uk
- Nick Ravenscroft nick.ravenscroft@haggie.co.uk
- Johanna Bernhard johanna.bernhard@haggie.co.uk
More News
-
Neon Italy Strengthens Team With Senior Claims Appointment
London Tuesday 29 January, 2019
-
Neon Sponsors Second ILS Transaction Through NCM RE
London Tuesday 08 January, 2019
-
Neon Announces Senior Management Promotions
London Friday 21 December, 2018
-
Neon Launches Scandinavian Marine Business, Orca
London Monday 02 July, 2018
-
Neon Continues To Expand Bermuda Operation
Bermuda Friday 08 June, 2018
-
Neon Appoints Theo Butt
London Wednesday 23 May, 2018
-
Neon Expands Political and Credit Risk Offering
London Thursday 18 January, 2018
-
Neon Launches United Kingdom’s First ILS Vehicle
London Wednesday 03 January, 2018
-
Neon Announces RITC of 2015 Year of Account
London Thursday 21 December, 2017
-
Neon appoints Tim Overton as Head of Pricing
London Thursday 07 December, 2017
-
Neon appoints Richard Heppell as Chief Financial Officer
London Friday 24 November, 2017
-
Chord Re to Launch as Reinsurance-Focused MGA
London Tuesday 14 November, 2017
-
Neon Establishes Italian Marine Joint Venture
London Friday 20 October, 2017
-
Neon appoints new Class Underwriters to Marine Team
London Wednesday 27 September, 2017
-
Neon appoints former Hiscox Underwriter to Property team
London Thursday 31 August, 2017
-
Neon hires Charles Boorman as Head of Financial Lines
London Tuesday 01 August, 2017
-
Neon Appoints Reinsurance & Alternative Capital Director
London Tuesday 11 July, 2017
-
Neon Further Expands Bermuda Property Reinsurance Team
BERMUDA Friday 07 July, 2017
-
Neon Grows Professional Indemnity Team
London Wednesday 05 July, 2017
-
Neon Strengthens Underwriting Management Team
London Tuesday 27 June, 2017
-
Neon Acquires Sapphire Underwriters
London Wednesday 14 June, 2017
-
Neon Announces Build Out of Claims Team
London Tuesday 09 May, 2017
-
Neon Continues to Grow Property D&F Team
London Monday 24 April, 2017
-
Neon expands Property Insurance team
London Monday 27 February, 2017
-
Neon Bermuda appoints Nick Pritchard as Head of Property Reinsurance
London Monday 13 February, 2017
-
Neon strengthens managing agency Board through two appointments
London Tuesday 31 January, 2017
-
ICAT Partners with Neon to Underwrite Large U.S. Property Accounts
Bermuda Thursday 05 January, 2017
-
Neon Bermuda Appoints Non-Executive Directors
London Monday 12 December, 2016
-
Neon closes 2007 year of account and exits Italian Public Hospitals
London Thursday 17 November, 2016
-
Olly Reeves joins Neon as Chief Risk Officer
London Tuesday 01 November, 2016
-
Neon makes senior appointment to Bermuda office
London Monday 24 October, 2016
-
Neon promotes Angus Wilson to Head of Marine
London Wednesday 05 October, 2016
-
Neon appoints Head of Casualty, continuing to strengthen senior team
London Monday 18 July, 2016
-
Neon selects TigerEye for turn-Key underwriting analytics as it develops Treaty Reinsurance business
London Thursday 07 July, 2016
-
Neon opens Bermuda office
London Tuesday 21 June, 2016
-
Neon Launch
London Monday 13 June, 2016
Get In Touch
Call us on: +44 (0)207 488 7700 or send us an email at: hello@neonuw.com
Alternatively, to receive more updates from us follow us on LinkedIn and Twitter