Neon Expands M&A Consortium

London Tuesday 24 January, 2017

Neon Expands M&A Consortium

Neon is pleased to announce the expansion of its M&A consortium, with capacity increasing from £50m to £75m since 1 January 2017.

The increase in capacity for the consortium, which is 100% backed by Lloyd’s markets and which Neon continues to lead, reflects our position as one of the top M&A underwriters in the market.

With limits of up to £75m (€100m) per risk, the consortium provides cover for Warranty & Indemnity, Reps & Warranties and M&A Tax Liability. As a Lloyd’s consortium, Neon is able to leverage global licenses to write business across a broad range of geographies, whilst our clients continue to benefit from the market’s robust financial rating and strong claims reputation.

Martin Reith, Chief Executive Officer of Neon, commented:

“The market continues to recognise the strength of Neon’s M&A team. This news further underlines the team’s well-earned reputation as one of the most longstanding and respected in the market. Providing specialist products and underwriting excellence is fundamental to Neon’s strategy and I am excited by the strong progress we have seen since Rob and his team joined in 2015.”

Rob Brown, Global Practice Leader of M&A of Neon, commented:

“We saw strong client demand in the second half of 2016, with significant deal activity taking place, and we are therefore delighted to announce this expansion of our consortium.”

“Historically, broader market volatility has led to increased activity in the M&A space, which was evident at the end of last year and into 2017. By growing our consortium, we are well placed to meet heightened client demand. We look forward to drawing on our extensive legal and underwriting expertise as we continue to deliver innovative and best-in-class solutions.”

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