Novae Group
Aegis London splits non-marine property book
Aegis London has split its non-marine property book, and promoted two underwriters as part of the change.
Novae insurance income to dwarf reinsurance earnings
Novae Group's investment returns grew by £6.5m to £22.1m for the first nine months of 2012, but gross written premiums remained flat at £510.6m (2011: £516.4m).
Nexus to establish new MGA following CIFS purchase
Nexus Underwriting has exchanged contracts for the purchase of Credit Indemnity and Financial Services from Novae Syndicates.
Novae reveals reinsurance management reshuffle
Novae has restructured the key management team in its Novae Re reinsurance division in Zurich and London, following a stream of departures earlier in the summer.
IT experts target six MGAs with new ‘shrink wrapped’ underwriting service
Insurance IT specialist Salmon has launched a new end-to-end underwriting service for managing general agent start-ups in a bid to make writing risk less “labour intensive”.
Novae calls time on engineering and motor reinsurance
Novae is to replace 12 of the 17 Zurich-based reinsurance underwriters who exited the business earlier this year, conceding that the Swiss operation was "overstaffed".
Novae investors relieved as reinsurance team is rebuilt
Novae's swift move to rebuild its reinsurance underwriting team in Zurich following the resignation of chief executive Gunter Saacke, chief underwriting officer Will Schuerch and a number of underwriters suggests that the company remains committed to…
Novae back in profit at H1 2012 as new strategy remains 'on track'
Novae Group has this morning reported a profit before tax, foreign exchange losses on non-monetary items and non-recurring items for the first six months of 2012 of £19.6m (H1 2011: loss £30.1m).
Novae Re exodus to damage reinsurance book
The resignations of the chief executive of Novae Re’s Zurich operation Gunter Saacke, chief underwriting officer Will Schuerch and 10 underwriters have sparked concerns that the insurer cannot retain business written by certain divisions.
Terrorism and civil unrest: Risky business
With several parts of the world engulfed by violence and civil unrest, is traditional terrorism and political risk cover increasingly irrelevant?
Novae Zurich reinsurance CEO and CUO quit
Two bosses at Novae Zurich's reinsurance division have resigned.
MySlipcase social network launched for insurers and reinsurers
A former Willis broker has set up an online business networking platform for the insurance and reinsurance industry called MySlipcase.
Novae posts 6% jump in GWP
Novae has reported a gross written premium of £231.1m in its Q1 results representing a 5.7% increase on last year (2010: £219.7m).
Lloyd’s witnesses new wave of MGAs due to Solvency II and M&A activity
In recent months the industry has witnessed a renewed surge in the number of Lloyd's insurers teaming up with managing general agents to access new lines of business.
Nexus Underwriting sets up new Lloyd's MGA
Nexus Underwriting has launched its new Lloyd's managing general agency, Nexus Professional Risks.
Novae suffers £6m loss before tax in "torrid year" for general insurance
Specialist insurer Novae has reported an underlying loss before tax of £6m for the year to 31 December 2011 in a "torrid year for the non-life insurance industry" compared to £36.2m profit in 2010.
Methodology: Post Intelligence Benchmarking Finpro
One hundred and fifty-seven commercial brokers completed an online questionnaire addressing the service they got from their financial and professional lines insurers.
Post Intelligence Benchmarking Financial and Professional Lines: Positive experience
The Insurance 360 Financial and Professional Lines report found standards to be high.
Post Intelligence Benchmarking: Financial & Professional Lines Insight Report 2011
Based on comprehensive input from over a 150 unique brokers of professional & financial risks, the Financial and Professional Insurers Insight Report 2011 delivers actionable insights on the 16 most used financial professional insurers.
Post Intelligence Benchmarking - Commercial insurers: Winners and losers
The annual Insurance 360 Business Insurers Insight Report service rankings show some steady, some on ladders - and some on snakes.
Review of the year - Lloyd's & London Market: The costliest year ever?
The first half of 2011 saw an unprecedented number of catastrophic events, so how has Lloyd’s and the London market coped?
Argo looks to Novae for liability head
Argo International has appointed Rupert Taylor as head of International general liability.
Argo hires Taylor for international role
Lloyd’s insurer Argo International has hired Rupert Taylor from Novae to head its international general liability division.
Novae reiterates 60% loss ratio target
Novae has reported its gross written premium for the first nine months of 2011 was up 9% to £516.4m, up 9% (2010: £473.3m).