Former AlphaCat executive Nick Pritchard has joined reinsurance firm Neon as head of property reinsurance.

Mr Pritchard will be based in Neon’s Bermuda office and will look after the growth of its property reinsurance operations in the Bermuda and London offices.

Chris Fisher, CEO of Neon Bermuda, said: “Since launching last year, we’ve been encouraged by the progress Neon has made in Bermuda.”

He added that Mr Pritchard “will significantly strengthen our Bermuda-based team following the additional key hire of Dwayne Hunt in the property direct and facultative business line in October 2015”.

Mr Fisher said: “Nick is well-known in the reinsurance market in both the US and London and, having spent more than seven years in Bermuda, has a well-established local reputation and track record.

“I look forward to working with Nick as we continue to develop a clear and compelling proposition for our clients.”

At AlphaCat, Mr Pritchard focused on business origination and underwriting for the firm’s managed funds unit.