Stuart Heath takes team of four to Lloyd's insurer

Equity underwriter Stuart Heath will join Novae next week bringing a team of four underwriters and one assistant from Equity Read Star.

Heath, who had been at Equity for 23 years, joins on October 12

Heath has wide experience in household, commercial, personal accident and caravan risks in the UK and European market. He also held a seat on the Lloyd’s LMA panel.

Peter Matson, Novae Group’s chief underwriting officer, said: “The appointment of Stuart and his team demonstrates our continuing development of profitable lines of business and the commitment to extend our offerings.

“Stuart and his team bring a wealth of experience and some very specialist knowledge in these classes of business. This new appointment highlights the Group’s ability to attract the most experienced and talented underwriters in the market.”

This latest move comes after the Group’s recent announcement that it has established a new, dedicated reinsurance business unit – Novae Re – to take advantage of improving conditions in the reinsurance market and to optimise deployment of the Group’s capital.