Lloyd’s carrier Neon has appointed Theo Butt to the newly created role of group underwriting director.

Butt joins from Ascot following more than a decade with the firm, most recently serving as head of non-marine having previously led its property underwriting business. Prior to that, he held a variety of roles at brokers Marsh and JLT.

He will take up his new post on 14 September and will work closely with group CEO Martin Reith and Neon Underwriting CUO Darren Lednor. He will report directly to Reith.

Commenting on the appointment, Reith said: “I am delighted to welcome Theo to Neon. I know him well having worked with him for a number of years and he has developed an exceptional reputation in the market. 

“Neon has made strong progress to date and Theo will work closely both with me and our underwriting teams to identify new opportunities and determine new strategies. I am confident he will enhance our position and performance and make a substantial impact as we continue to build out our business.”