Neon acquires Guernsey-based Sapphire Underwriters

Neon, the Lloyd’s specialty insurer, has announced that it has reached an agreement to acquire Sapphire Underwriters from Heritage Group. Sapphire is a Guernsey-based Lloyd’s coverholder providing D&O, professional indemnity and cyber coverage to UK and local offshore brokers and clients. Post-completion, the business will operate under the Neon Sapphire brand and continue to have underwriting capacity provided by a…

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