Novae Group
Nexus forms new regional financial lines MGA
Nexus Underwriting Management has today announced the acquisition of the Novae Syndicates regional financial lines portfolio after pledging to establish a new managing general agency in the new year to underwrite the account.
Market moves: Getting ready for the fourth quarter
Lloyd’s players were the most active recruiters this week as the insurance industry looks forward to the fourth quarter. A number of underwriters in the London Market made appointments, with a view to strengthening their teams. Moves among insurers…
The Prince's Trust Insurance Leadership Group: A reflection on its successes so far
Tonight the Prince’s Trust Insurance Leadership Group celebrates breaking the £5m fund-raising barrier with a reception at the Chartered Insurance Institute. Jonathan Swift reflects on the group’s achievements in its five year lifespan.
Novae syndicates' underwriter promoted to director
Novae Syndicates has promoted Jonathan Butcher from active underwriter to group underwriter director, with Ian Burford and Robert Forster appointed to the roles of joint active underwriters.
Argo International appoints Novae's Matson director of underwriting
Specialty insurer Argo International has appointed Novae's Peter Matson as its new director of underwriting.
Argo names Matson for underwriting
Speciality insurer Argo has said Novae’s former director of underwriting Peter Matson (pictured) will become director of underwriting for Argo International in London.
Join Allianz, Groupama, BMS, Novae, SSP, CII and Lancashire in signing up for the Insurance Cup
With the football leagues in England and Scotland now underway, there has never been a better time to think about dusting off the boots and signing up for The Prince's Trust Insurance Cup.
Novae-Omega merger falls through
Novae has announced to the London Stock Exchange that “it is unlikely a transaction can be structured in its interest” with fellow Lloyd’s insurer Omega.
Howden names new chair with IPO experience
Howden's UK subsidiary, Howden Insurance Brokers has appointed Lorraine Adlam as chairman.
Novae in "due diligence" over Omega merger proposal
Novae has become the latest Lloyd's insurer to consider entering merger talks with a rival.
Novae releases initial Q1 major loss estimate
Novae estimates that the cost of the Japanese earthquake and tsunami to be between US$25 million and US$40 million, based on an insured market loss of US$20 and US$30 billion.
Novae: UK corporation tax may force us to redomicile
Novae chief executive Matthew Fosh has said the UK’s economic landscape is set to force the insurer to redomicile, so it can remain competitive and yield bigger returns for shareholders.
Novae considers move abroad
Novae Group's underlying profit before tax has improved 105% year-on-year to £36.2m (2009: £17.7m).
Insurer mergers & acquisitions: Is 2011 the time to strike?
After a lean period for insurer mergers and acquisitions through the economic downturn, Daniel Dunkley reports that the first rays of sunlight might begin to show in 2011.
Chief underwriting officer Matson to leave Lloyd's insurer Novae
Peter Matson is to stand down from his role as group chief underwriting officer and member of the board at Lloyd's insurer Novae on 30 April 2011.
Novae finalises run-off closures
In an announcement to the London Stock Exchange, Novae has confirmed it has closed two of its run-off syndicates, while predicting its pre-tax profit for 2010 will reach at least £34m.
Matson sets £1m target for Prince's Trust
Novae's chief underwriter Peter Matson has succeeded Julian Enoizi, the outgoing Argo chief executive, as chairman of The Prince's Trust Insurance Leadership Group.
Novae's Matson steps up to chair Insurance Leadership Group
Peter Matson, chief underwriter, Novae has been appointed the new chair of The Prince’s Trust Insurance Leadership Group (ILG), succeeding Julian Enoizi.
Aspen seals second underwriting deal
Managing general agent Aspen Risk Management has unveiled plans to open new offices in the North of England and Scotland during 2011.
Lloyd’s & London market – review of the year: Troubled times
A succession of natural catastrophes got 2010 off to a bad start and the market continued to struggle - but the resolution of Brit’s future and the prospect of consolidation could see the year end on a high. Mairi Macdonald reports.
CIFS adds capacity providers
Lloyd’s credit insurer Credit Indemnity & Financial Services has added Sagicor, Catlin and Omega to its current capacity providers.
Novae lands Prince’s Trust sponsorship
Novae has been named as the main sponsor for The Prince’s Trust Rock Gala at the Albert Hall next week.
Novae acclaims move to short tail classes in Q3 results
Lloyd's insurance group Novae has reported gross written premium for the first nine months of 2010 to £473.3m, up 54% (Q3 2009: £308.2m).
Besso's Gladstone launch is timed for new wave
Intermediary Besso has revealed it timed the launch of its managing general agent to coincide with a new wave of MGAs in the London market.