Lloyd’s insurer Neon has bolstered its mergers and acquisition (M&A) insurance team with the hiring of Andrew Thornton from global law firm Dentons LLP.
The insurance firm has appointed Thornton to the role of underwriter and solicitor, M&A tax insurance. He will report to Dawn Bhoma, head of tax liability insurance.
Thornton is expected to play a key role in supporting the expansion of Neon’s specialist M&A tax team, which aims to insure hundreds of complex M&A transactions every year following its formation in 2015.
Neon said Thornton’s experience will enable the company to offer clients specialist tax insurance solutions in the funds sector and several strategic trade sectors.
“We have a clear strategy to grow Neon by building on our capability in the areas where we have identified significant, long-term growth opportunities,” said Neon CEO Martin Reith.
“Providing a great working environment for some of the market’s best talent is a core part of this, and hiring Andrew will greatly contribute to the planned expansion of our already strong M&A team,” he added.
Previously serving as tax partner at Dentons, Thornton brings with him extensive local and international experience in advising clients on tax issues arising from M&A, private equity fund formation and restructurings.
Thornton was recently named a “rising star of tax law” in The Legal 500, a website that ranks law firms worldwide and provides resources for lawyers.
“As a former partner of a leading city law firm, Andrew is a very significant hire for the business and demonstrates our commitment to growing our leading M&A tax business as we continue to make a significant impact in this sector,” Reith said of Thornton.
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