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.
Saake and Schuerch left the Lloyd's re/insurer in May, reportedly because of constraints on autonomy. Ten underwriters followed, including heads of agriculture, engineering and credit and surety
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