Reith and management buy 25% Neon stake

Neon CEO Martin Reith and other senior staff have bought an almost
25 percent stake in the Lloyd's business from owner American
Financial Group (AFG), The Insurance
Insider has learned.
In a regulatory filing on its fourth quarter results, AFG said
that unnamed management members had acquired an unspecified
indirect holding in Neon on 29 December.
Sources told this publication that Neon's executive team and
senior underwriting staff had taken part in a newly created
employee ownership scheme.
AF