Novae Group
Former QBE Europe CEO Burns named Novae non-executive director
Novae has appointed Steven Burns as an independent non-executive director, to take effect from 31 March 2017.
Novae hit by US catastrophes and Ogden as profit drops 45%
Novae has described its 98.3% pre-Ogden 2016 combined operating ratio as disappointing while the Lloyd's (re)insurer's investment portfolio performed well.
Insurers' share prices tumble as profits hit by discount rate changes
More insurers have posted swingeing losses as a result of the discount rate cut.
Cyber controls are 'not fit for purpose'
Organisations' cyber controls are not fit for purpose, including those recommended by government, according to research from the University of Oxford and Novae.
Novae promotes Trueman to chief innovation officer
Novae has promoted Dan Trueman to the role of chief innovation officer
Novae names Patel as CFO
Novae has appointed Reeken Patel as group chief financial officer and executive director.
Video: Hospital hacks
As ransomware attacks are targeting NHS trusts, the cyber exposure of hospitals is coming under scrutiny.
Roundtable: Health and cyber crime: Cyber crime against the healthcare sector
With cyber crime the fastest growing criminal activity in the world, attacks on healthcare providers are becoming more prevalent. Post, in association with Kennedys, hosted a roundtable to find out the scale of the threat – and what the industry can do…
Novae appoints head of marine
Specialist Lloyd’s insurer Novae has appointed Helen Steadman as head of cargo.
Novae chief financial officer Charles Fry steps down
Novae chief financial officer Charles Fry stepped down from the board from Friday and will leave the company on 31 October.
Novae's gross written premiums up by 10% in the first half of 2016
Novae Group has seen a 10% increase in its gross written premium in the first half of 2016.
Cycling: Reaching new summits
The London 2012 Olympics made cycling popular in the UK again but what effect has it had on the insurance industry supporting it?
LMA adds four to board
Four candidates have been elected to the Lloyd’s Market Association board, including several C-suite level executives.
Dual appoints Mark Hudson as CFO
Dual has hired Mark Hudson as chief financial officer, effective from September 2016.
Novae reports improved 2015 COR and GWP
Novae Group has reported a marginal increase in profit before tax of £54.9m (2014: £52.4m) and an improved combined ratio of 90.8% (2014: 91%) for the year ended 31 December 2015.
Torrance joins Novae board as NED
Former Allianz CEO Andrew Torrance has been appointed as independent non-executive director to the board of Novae Group, effective 1 March 2016.
Novae raids Marketform for A&H launch
Listed Lloyd's insurer Novae Group has launched an accident and health (A&H) offering with the hire of a five-strong team from Marketform.
Impact Forum: Renewable energy equal with cyber in terms of Lloyd's growth potential
Reneweable energy is among the burgeoning new classes of business in the Lloyd’s and London markets, alongside cyber, it was claimed yesterday at the Post Impact Forum.
Risk mapping software for underwriters launched by Business Insight
Business Insight has launched a new risk mapping software for insurers.
Novae CEO Fosh confident for Q4 despite softening market
Novae Group CEO Matthew Fosh believes the specialist Lloyd’s player is “well positioned” for the final quarter, despite a softening rating environment, after achieving a 20.3% uptick in gross written premiums over the opening nine months of 2015.
Industry veteran Jeremy Adams joins NUML
Specialist managing general agent Nexus Underwriting Management has hired industry veteran Jeremy Adams as an independent non-executive director.
Editor's Comment: The era of mega deals
This year’s trend for mega merger and acquisition deals continued last week when Japanese insurer Mitsui Sumitomo agreed a deal to acquire Amlin for £3.47bn – more than twice its tangible book value, subject to approval – while in the broking sector…
Novae's renewal rates fell 3.3% on average in first half
Specialist (re)insurer Novae saw average renewal rates reduce 3.3% in the first half of the year.
Blog: Six reasons 2015 will be the biggest year yet for insurer M&A
I have to admit I am prone to the odd football analogy and the news yesterday that Ace is to acquire Chubb in a £18.1bn mega deal has certainly given me more scope to plough this furrow given that it happened on the day the transfer window opened (1 July…