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Neon leaves Denmark after remarkable entry that led competing marine insurer to shut down

One of the more remarkable developments in Danish marine insurance has come to an end, as UK-based Neon has sold Danish Orca to a Dutch competitor. The sale comes after years plagued by deficits.

Lars Hendriksen er fortsat adm. direktør i Orca efter salget til hollandske Dupi. Photo: PR / Orca

A spectacular arrival in Denmark has been replaced by a quiet exit for UK-based marine insurance firm Neon.

Neon entered the Danish market when it decided to kick-start operations in Scandinavia by establishing Orca Insurance Agency. This happened after Neon hijacked most of the employees at Finnish-owned competitor Lavaretus, which subsequently had to shut down.

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