Neon has lured Bermudian underwriter Dwayne Hunt from Chubb as the London-based insurer expands its new Bermuda office.

Mr Hunt will join Neon as senior vice-president, property insurance, and will be based in the Victoria Street office Neon opened in June this year.

With the appointment of Mr Hunt, effective December 1, Neon Bermuda will have hired four Bermudians.

The company added: “As stated at the time of launch, Neon is committed to hiring further local talent and anticipates additional hires and new product lines as the office expands.”

Mr Hunt’s current role is senior vice-president and property manager at Chubb Bermuda where he holds shared underwriting responsibility for the mature excess global property book of business.

Before Chubb, Mr Hunt held underwriting roles at both Arch Insurance and XL Insurance in Bermuda, focusing on the North American property market. He has more than 20 years of market experience.

Neon focuses on writing direct and facultative property insurance on a global basis.

Chris Fisher, chief executive officer of Neon Bermuda said: “I’m delighted to announce the hire of such a well-respected and experienced underwriter to the Bermuda office. Dwayne is a highly regarded local underwriter with strong client and broker relationships on the island, as well as in the US.

“His hire demonstrates that since our launch, Neon Bermuda has continued to provide an attractive platform for top local talent.

“The opening of the Bermuda office earlier this year was a strong statement of our bold plans to expand Neon’s international presence and we look forward to working with Dwayne in order to grow our compelling and relevant proposition for property clients in strategically important markets.”