Novae strengthens marine unit with Everards hire
Specialist Lloyd’s insurer Novae Group has hired Sarah Cracroft as marine trades underwriting manager. She will report to marine class underwriter Paul Hartley.
Cracroft 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."
Today’s stories
Arch Re replaces Canadian CEO with Aon Benfield executive
SCOR enters US medical reinsurance market
R&Q completes $46.5m loss portfolio transfer
Willis Towers Watson bolsters insurance risk unit with new hire
Admiral breached new FCA renewal rules
Australian Reinsurance Pool names new chair
Zurich private clients head joins Munich Re-backed MGA UK General
New alliance to drive blockchain use in insurance broker market
Charles Taylor appoints non-executive director
Did you enjoy reading this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
