Stock rises more than 25p after reinsurance announcement
Lloyd’s insurer Novae rose 25.8p to 310.8p after it launched a new international reinsurance unit, The Times reports.
Novae has formed a new unit writing £100m of international and predominantly reinsurance business called Novae Re.
The new unit is made up of 12 senior, experienced underwriters and eight actuarial and support staff. It is led by Gunther Saacke, previously head of reinsurance at Bermudan reinsurer Endurance.
It was start writing business on 1 January, 2010.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
