Ascot Underwriting veteran Theo Butt is moving to Neon.
Announcing the appointment, Neon said Butt is coming onboard on September 14 to assume the newly created role of group underwriting director for Neon Holdings Limited. The key hire, who also spent time at Marsh and JLT, has been with Ascot Underwriting since 2006.
“I am delighted to welcome Theo to Neon,” commented group chief executive Martin Reith. “I know him well having worked with him for a number of years and he has developed an exceptional reputation in the market.
“Neon has made strong progress to date and Theo will work closely both with me and our underwriting teams to identify new opportunities and determine new strategies. I am confident he will enhance our position and performance and make a substantial impact as we continue to build out our business.”
The incoming group underwriting director’s experience includes non-marine and property.
“I am thrilled to be joining Neon,” said Butt. “The business is well positioned for further growth across a number of initiatives. I very much look forward to working closely with Martin and with Darren Lednor, Neon Underwriting’s CUO.”