Novae Group ‹ Press Releases

Sep

2018

China Re announces acquisition of Chaucer Group

Posted on 13th September 2018 by Mazin Shammas and has No comment

China Reinsurance (Group) Corporation (“China Re”) has agreed to acquire Chaucer Group from Hanover Insurance Group Inc. for a consideration of US$865m. The transaction comprises Hanover Insurance International Holdings Ltd, Chaucer Insurance Company DAC and Hanover Australia HoldCo Pty Ltd and is subject to shareholder and […]

Sep

2018

TMK and Covered Insurance launch the market’s first ‘On Demand’ aviation insurance product for manned aircraft

Posted on 5th September 2018 by Mazin Shammas and has No comment

Tokio Marine Kiln (TMK) today announced the launch of FlyCovered; the market’s first on demand aviation product for manned aircraft. TMK has worked closely with InsurTech leaders Covered Insurance, which built the online FlyCovered platform, through which policies will be offered via coverholder 3XD. All capacity […]

Nov

2017

Ascent announces investment by Preservation Capital Partners

Posted on 2nd November 2017 by Gavin Warren and has No comment

Ascent Underwriting (“Ascent”), the cyber and specialty lines MGA, has agreed that Preservation Capital Partners (“Preservation Capital”) will take a substantial stake in the business subject to regulatory approval. The existing management team of Ascent will retain a significant shareholding in Ascent and will continue to […]

Sep

2017

Novae Group partners with Lloyds Illinois Inc to deliver vital cyber security education

Posted on 13th September 2017 by Gavin Warren and has No comment

Novae Group plc (Novae), the specialist listed Lloyd’s insurer, today announces that its Cyber team will deliver its ‘Understanding Cybersecurity and Insurance’ (UCS-I) course to brokers at Lloyd’s Illinois Inc on the 13th September 2017. The course will be presented by Sharif Gardner, Training Manager – […]

Aug

2017

Novae Group plc appoints Adam Cragg as Chief Operating Officer

Posted on 10th August 2017 by Gavin Warren and has No comment

Novae Group plc (Novae), the specialist listed Lloyd’s insurer, today announces the appointment of Adam Cragg as Group Chief Operating Officer. He reports to Matthew Fosh, Chief Executive Officer of Novae. Adam brings twenty-five years of experience in the insurance industry to Novae. He joins from […]

Aug

2017

Novae Group plc Interim results for the six months ended 30 June 2017

Posted on 2nd August 2017 by Gavin Warren and has No comment

Novae Group plc (“Novae” or “the Group”), the specialty insurance group which has recently recommended an offer from AXIS Capital Holdings Limited (“AXIS”), today announces its interim results for the six months ended 30 June 2017. · Gross written premium of £598.8 million (H1 2016: £513.1 […]

Jul

2017

Claims Imagery & Intelligence Service gains industry backing

Posted on 6th July 2017 by Gavin Warren and has No comment

The LMA’s Claims Committee (LMACC) has agreed to support and fund a satellite imagery and intelligence service for all Lloyd’s managing agents that will enable improvements to claims processes and exposure management both pre and post a natural catastrophe. Managing agent representatives from LMA Sector Groups, […]

Jul

2017

ArgoGlobal targets growth in European MGA sectors

Posted on 3rd July 2017 by Gavin Warren and has No comment

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announced, in line with its goal of significantly expanding its presence in the MGA market, it will serve as a gold sponsor of the Managing General Agents’ Association (MGAA), a U.K. based not-for-profit organisation dedicated to […]

Jun

2017

Novae strengthens Marine Division with appointment of Marine Trades Underwriting Manager

Posted on 19th June 2017 by Gavin Warren and has No comment

Novae Group plc (Novae), the specialist listed Lloyd’s insurer, today announces Sarah Cracroft has joined its expanding marine team as Marine Trades Underwriting Manager. She reports to Paul Hartley, Marine Class Underwriter. Sarah brings nearly three decades of experience in the insurance industry to Novae. She […]

May

2017

Novae continues to grow its cyber team

Posted on 16th May 2017 by Gavin Warren and has No comment

Novae Group plc (Novae), the specialist listed Lloyd’s insurer, today announces Stuart Quick has joined its cyber team as Breach Response and Cyber Operations Manager, reporting to Dan Trueman, Head of Cyber and Chief Innovation Officer. Stuart joins Novae’s established cyber team of: Jo Chadha (Deputy […]

May

2017

Novae Group plc – Trading Update for the period ended 31 March 2017

Posted on 10th May 2017 by Gavin Warren and has No comment

Novae Group plc (“Novae” or “the Group”), the specialist Lloyd’s insurance group, today releases its Trading Update for the period ended 31 March 2017. GWP of £354.9 million (Q1 2016: £282.8 million); 13.8% growth at constant rates of exchange Rates on renewal business down 2% across […]

Feb

2017

Organisations’ cyber controls are “not fit for purpose”

Posted on 22nd February 2017 by Gavin Warren and has No comment

Cyber-risk security controls that meet international standards like CSC20 might not be fit for purpose. This is one of the findings of “The relative effectiveness of widely used risk controls and the real value of compliance” report, a white paper produced by the University of Oxford […]

Feb

2017

Novae appoints Dan Trueman as Chief Innovation Officer

Posted on 9th February 2017 by Gavin Warren and has No comment

Novae Group plc (Novae), the specialist listed Lloyd’s insurer, today announces Dan Trueman has been promoted to Chief Innovation Officer. He retains his position as head of cyber and will report directly to Rob Forster, Chief Underwriting Officer. This follows the decision to create a specific […]

Dec

2016

Novae appoints head of cargo

Posted on 13th December 2016 by Gavin Warren and has No comment

Novae Group plc (Novae), the specialist listed Lloyd’s insurer, today announces the appointment of Helen Steadman as head of cargo. She reports to Darren Carr, head of marine. Helen brings nearly a decade of cargo underwriting experience to Novae. She joins from Mitsui Sumitomo Syndicate where […]