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Neon launches Orca Insurance Agency

IBR Staff Writer Published 03 July 2018

Neon has launched Orca Insurance Agency (Orca), a Lloyd’s approved coverholder which will underwrite on behalf of Neon Syndicate.

Headquartered in Copenhagen and led by CEO, Lars Hendriksen, Orca will focus on the Nordic markets, offering comprehensive marine risk solutions.

This includes offering insurance products, as well as risk consultancy and engineering services for the shipping industry.

Hendriksen brings over three decades of experience in the marine industry to the role. He has held a number of senior management roles within the sector including at Codan Marine RSA Scandinavia and the Survey Association and has an Executive MBA in shipping and Logistics from Copenhagen Business School.

Henrik Pilegaard joins Orca as Chief Underwriting Officer bringing 16 years of marine insurance experience to the position. Throughout his career, he has held senior roles in underwriting, risk management and claims.

Risk engineering capability and technical expertise will sit at the core of Orca’s offering and it will offer clients dedicated in-house claims handling.

Neon Group CEO and Orca chairman Martin Reith said: “It is a pleasure to announce the launch of our Nordic venture, Orca. Copenhagen is an excellent base to build out our marine capabilities and establishing a significant presence here is core to our growth aspirations. Orca will not be just another marine business, however.

“The team shares Neon’s philosophy and commitment to a technical approach, based on considerable experience and expertise. The combination of this and their relationships in the local market – and ability to offer both underwriting and risk consultancy – represents a unique client proposition.”

“This will be further complemented by Neon’s entrepreneurial and innovative approach and, over the coming years, we anticipate adding new classes and underwriting teams to the Orca platform, as Neon continues its international growth.”

Orca CEO Lars Hendriksen said: “The Orca team is excited to launch as part of the Neon Group. We believe we have a compelling and differentiated client offering, underpinned by a blend of technical knowledge and strong risk selection.”

Source: Company Press Release