Neon launches marine and offshore construction consortium

Canning Dock

The consortium, launched last month, provides $70m (£56.4m) capacity for shipyard construction and $55m (£44.3m) for rig construction. Neon said the capacity comes from a range of Lloyd's syndicates. Angus Wilson, head of marine at Neon, said: "Underwriters in London can no longer afford to sit back and expect business to come to them when macroeconomic conditions, product lines, strategic, financial and operational risks are all changing and shaping the insurance needs of shipyards." "This