Neon Syndicate 2468 in orderly Run-Off

Monday 13 January 2020

On 6 January 2020, American Financial Group announced that it intended to exit the Lloyd’s insurance market.  As a result, its Lloyd’s Syndicate 2468, managed by Neon Underwriting Ltd. was placed into an orderly run-off.

Neon Sapphire Underwriting Ltd. is a separately legal entity with its own full-service staff base and is therefore unaffected by Neon’s recent announcement.  As a Managing General Agent, Neon Sapphire underwrites on behalf of a number of capacity providers, of which Neon Syndicate 2468 is only one.

We therefore ask our policyholders to note that:

  • Neon Sapphire remains an operational unit and is not in run-off.  We continue to underwrite new business.
  • Whilst we are in the process of replacing Syndicate 2468 as a capacity provider, all policies issued and, where relevant, open claims relating to policies for which Syndicate 2468 is a capacity provider, remain unaffected and you should continue to liaise with Neon Sapphire in the normal way

If you have any concerns or questions relating to your policy then you should contact:
Underwriting:


Nigel.brand@neonsapphire.gg    01481 737 414
Samantha.dias@neonsapphire.gg    01481 750 509

Claims:
Simon.naftel@neonsapphire.gg     01481 750 326


Nigel Brand
CEO, NEON SAPPHIRE

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