Novae Insurance, the new subsidiary set up by Novae Group, has begun trading.
The company was formed to provide the Novae Group with a dual trading platform to service the UK commercial lines market through the new insurer and write large, international, specialist risks through Novae's flagship Lloyd's business.
It will write PI, D&O, medical malpractice and general liability risks.
Peter Matson, chairman of Novae Insurance, said: “We are delighted to have achieved our stated aim and the group now has an ideal structure and platform to service our two markets.”
