Having recently rebranded from Marketform, Neon appears determined to make a significant impact on the market – and its intentions have been spelt out with a key hire from Lloyd’s of London.
The firm has announced that Olly Reeves will join the company in the role of chief risk officer beginning on November 01 this year. Subject to regulatory approval, Reeves will make the switch from his existing role as head of risk management at Lloyd’s of London and will report to Ian Martin, MD at Neon.
Reeves has a wealth of practical knowledge of risk management and regulatory requirements in the London market, having been at Lloyd’s since 2004. During his time at Lloyd’s he played a pivotal role in overseeing the market and delivering Lloyd’s own Risk Framework as well as being a key figure in Lloyd’s achieving Solvency II model approval.
Speaking about the appointment, Martin Reith, chief executive officer at Neon Underwriting Limited, outlined his enthusiasm.
“I am thrilled that Olly has decided to join Neon in this key role,” he said. “Neon continues to attract the highest calibre talent and Olly’s appointment is further testament of this. I have no doubt that Olly will make an immediate and significant contribution as we remain on track to re-engineer our business. The Board and I are very much looking forward to working with Olly.”
Reeves, who was previously a manager in the financial services risk management division of Ernst & Young, commented on the importance of risk and governance at this point in time for the industry.
“I’m incredibly excited to be joining Neon to support the business as the turnaround gathers momentum,” he said. “At a time when all matters related to risk and governance are of increasing importance to successful underwriting businesses, I am looking forward to helping lead this agenda at Neon and working with Martin and the board later in the year.”
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