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Neon announces latest hires for political & credit risk

Neon announces latest hires for political & credit risk | Insurance Business

Neon announces latest hires for political & credit risk
It’s looking like a great start to the year for insurer Neon, which has announced the expansion of its political & credit risk team as well as the inclusion of financial guarantee in its offering.

The latest to join the team is underwriter Paul Barrett, who moves from Arthur J. Gallagher. He comes onboard following the recent appointments of senior credit analyst Anthony Vaughan and underwriter Paul Carrington (pictured).

Vaughan, who was with Sumitomo Mitsui Banking Corporation, has 15 years of experience in banking and credit. Carrington, meanwhile, worked at the likes of Chubb and Euler Hermes.

“Last year, we significantly strengthened our capabilities and this momentum has continued into 2018,” noted Neon chief underwriting officer Darren Lednor. “Our expanded team now offers a greater breadth of coverage with the addition of financial guarantee and increased tenor length across a number of products.

“These changes allow us to provide long-term support to clients in a constantly evolving global political and economic environment.”

Neon said that, with the expansion, class underwriter Nicholas Robinson aims to deliver coverage for specific client needs through comprehensive product expertise.

“The development of our political & credit risk team and appetite aligns with Neon’s refreshed underwriting strategy of offering bespoke solutions that go beyond traditional parameters,” commented Martin Reith, group chief executive at Neon. “We look forward to working with our clients to deliver these over the next 12 months and beyond.”

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