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 joins from Everards Insurance Brokers where she served as the Commercial Manager. Prior to this she held senior broking positions at a number of organisations.
Darren Carr, Head of Marine at Novae, said: “We have enjoyed working with Sarah in her capacity as a broker and coverholder for many years, and she has an excellent reputation in the UK marine insurance sector. By adding Sarah to our team, we have immediately strengthened our product-led approach as well as our service proposition to current partners, but we also hope to greatly enhance our distribution capabilities for the future.
“Marine has been a consistently strong performer for Novae in the past and remains a key strategic development area for the syndicate going forward. In these testing market conditions, we are maintaining good underwriting discipline on the existing portfolio, however we are also continuing to identify and directly target the more profitable areas that remain, with marine trades being a prime example.”
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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 £390 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.