Neon sets up Italian marine JV

Neon has launched an Italian marine joint venture with domestic
broker Cambiaso Rosso, targeting hull and cargo business placed
local.
The underwriting venture, named Neon Italy, will be based in
Genoa and intends to start writing business from 1 January.
Neon Italy will, subject to approval, be regulated by the
Italian Institute for the Supervision of Insurance and become a
Lloyd's approved coverholder writing on behalf of Neon's
syndicate 2468.
The JV will be led by Sergio Revello, who has...