Novae Group
Market Moves - 22 June 2015
Find out who has moved where in the world of insurance this week.
Novae hails success of Syndicate 2007
Novae's gross written premium for Q1 2015 was £257.6m (Q1 2014: £195.1m), an increase of 32% (27.5% at constant exchange rates).
Novae posts record GWP figures for 2014
Lloyd’s insurer Novae Group posted a 1% drop in profit before tax and foreign exchange in 2014, despite delivering record gross written premium of £638.5m last year (FY 2013: £590.3m).
Market Moves - 5 March 2015
All the latest job moves in the insurance market.
Novae tipped as next listed player to be sold as Lloyd's consolidation hots up
Pressure on profitability in the Lloyd’s market has been cited among the main drivers for consolidation by analysts, with Novae tipped to become the latest listed player to be snapped up.
Novae promotes Butcher to syndicates CEO
Novae has promoted Jo Butcher to Novae Syndicates CEO and Rob Forster to chief underwriting officer.
Market Moves - 12 February 2015
All the latest job moves in the insurance market.
Market Moves - 5 February 2015
All the latest job moves in the insurance market.
Novae makes cyber hire from AIG
Lloyd’s insurer Novae has appointed James Creasy as class underwriter at its cyber division.
Novae delivers 6% GWP increase in Q3 despite property and casualty slump
Lloyd’s insurer Novae Group has chalked up a 6% increase in gross written premium to £515.1m for the period ended 30 September 2014 (Q3 2013: £484.6m), despite recording GWP reductions in its property and casualty businesses.
Lloyd’s quartet partner with US homeland security chief to launch cyber insurer
Four Lloyd’s insurers will reportedly partner with the US’s first ever homeland security chief to set up a venture specialising in corporate cyber security policies.
Talbot’s De Courcy joins Barbican’s financial and professional lines team
Barbican Insurance Group has today appointed of Rachel de Courcy as an underwriter within the firm’s financial and professional lines team.
Novae names Chevereau as manager of Bermudian operation
Lloyd’s insurer Novae Group intends to launch operations as a group reinsurer of, and coverholder for, Syndicate 2007 at Lloyd’s in Bermuda.
Aon unveils syndicate-backed professional indemnity facility
Aon has launched a new professional indemnity product with the backing of Lloyd’s syndicates including Novae and Argo.
Novae profit rises despite rating and currency conditions
Novae Group has attributed a five percentage-point improvement to its combined ratio to 90.8% (H1 2013: 95.8%) in the first half of this year to a positive claims experience, resulting in an 89.4% increase in underwriting contribution to £19.7m (H1 2013:…
Novae hires Alderton to lead new unit
Novae Group has appointed William Alderton as unit head of its newly formed international property binder unit.
Novae recruits from Torus for UK & Europe property underwriter
Novae has added to its UK and European property team with the recruitment of Mervyn Albon from Torus Lloyd’s syndicate 1301.
Novae boosted by UK liability cover for Q1
Improved performance in its UK general liability book helped Novae record an overall increase of 5.7% in gross written premiums for Q1.
Novae recruits four to agriculture team
Novae has made four appointments in its agriculture reinsurance team including Robert Solloway who will underwrite business in the Asia Pacific region.
Novae hires PWC's Patel to oversee ERM strategy
Listed Lloyd’s insurer Novae has appointed Reeken Patel as chief risk officer.
Novae to manage Stride MGA Portus Underwriting
Stride Insurance Group has launched a new managing general agent facility for property owners insurance backed by the Lloyd’s market.
Novae optimistic on organic growth through 2014 says Fosh
Novae group chief executive Matthew Fosh has said the insurer and reinsurer is cautiously positive on prospects of further economic growth this year, in spite of “minefields”.
Novae's underwriting profit climbs 50%; pays special dividend
Novae Group's underwriting profit was £48.9m last year, an increase of 50% over 2012 when it recorded £32.6m. As a result the Lloyd's insurer is paying a special dividend of 20p a share.