Lloyd’s underwriter Neon has launched a new construction fund for shipyards and rigs.
Marine and Offshore Construction Consortium is aimed at addressing the "increasingly bespoke" needs of shipbuilding clients.
The fund is offering $70m for shipyard construction and $55m for rig building, Neon said.
The consortium is underwritten by Neon’s Mireille Dolonen, backed by a range of Lloyd’s syndicates.
Its work will include extensive consultation with clients, risk managers, CFOs and financiers to map and understand new risks impacting the sector.
Neon's
