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 Beazley Plc where he served most recently as Head of Operations for UK and Rest of the World. In this role he was tasked with managing operational services across eight global offices. Adam joined Beazley in 2008 as Business Technology Manager. Prior to joining Beazley, Adam held senior IT roles at ACE Group and Premium Credit Ltd.
Matthew Fosh, Chief Executive Officer of Novae Group, said: “I am delighted to welcome Adam to the team. He brings a wealth of technological and operational expertise to Novae and an exceptional track record. He is a key addition to the senior executive team and his knowledge, skills and experience will add enormous value to the Group.”
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Notes to Editors
Novae Group is a diversified property and casualty (re)insurance business operating through Syndicate 2007 at Lloyd’s and is listed on the London Stock Exchange. Established in 1986, Novae writes property, marine, aviation, political risk and speciality business between its offices in London and Bermuda and has a market capitalisation of more than £450 million.
Syndicate 2007 is managed by Novae Syndicates Limited and enjoys an A (A.M. Best) and A+ (Standard & Poor’s) and AA- (Fitch) Lloyd’s rating.