Neon strengthens managing agency Board through two appointments

London Tuesday 31 January, 2017

Neon strengthens managing agency Board through two appointments

Neon is pleased to announce the appointments of Michael Wade and Simon Hayes to its Lloyd’s managing agency Board as Non-Executive Directors, subject to regulatory approvals.

Michael Wade has over 30 years’ experience at Lloyd’s and is currently a Senior Advisor to the Cabinet Office, having served as Crown Representative for Insurance at the Cabinet Office between 2013 and 2015. Michael was recently Executive Chairman of Besso Insurance Group and previously served on the Council and Committee of Lloyd’s. Michael’s previous experience includes overseeing the formation of Rostrum Group, CLM Insurance Fund and Holman Wade.

Simon Hayes, ACII, has over 20 years’ regulated financial services experience and brings a broad range of commercial, corporate finance and business development experience to the role. Simon is currently Chairman of Peel Hunt, having previously served as Chief Executive for 10 years. Simon stared his career at Methuen, a Lloyd’s underwriting agency, from where he joined Peel Hunt as an equity research analyst, specialising in the insurance sector.

Martin Reith, Chief Executive Officer of Neon, commented:

“To appoint two individuals of the calibre and market reputation of Michael and Simon is a strong reflection of the journey Neon is on and our long-term strategic ambitions. Michael is a hugely respected figure across the London Market, and rightly so, while Simon has enjoyed great success at one of the UK’s leading independent stockbrokers. They are great additions to our Board and I look forward to working closely with them as we continue to move Neon forward apace.”

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