Coverys poaches director of underwriting from Novae

Coverys Managing Agency, the Lloyd’s managing agent of Syndicates 1975, 1991, & 3330, has appointed Robert Forster as director of underwriting. He will replace Phil Sloan who is retiring from the position.

Forster was most recently chief underwriting officer and active underwriter of Novae Syndicate 2007. Under Forster, Novae transformed its business from a long-tail casualty focus, to a short-tail underwriting strategy, which delivered consistent profitability.

Robin McCoy, CEO of Coverys Managing Agency, said: “Rob is a terrific addition to our senior team, and I am very pleased to welcome him to Coverys. He is the ideal candidate to maintain and build on our success to date and to help continue to drive this business forward. He is renowned as an excellent underwriter with a clear entrepreneurial approach and strategic ability. These characteristics will be key to realising our ambitions for Coverys in the Lloyd’s market.”

Forster said: “In a crowded space, Coverys has forged its market-leading position through the quality of its specialist expertise and underwriting strategy. I am looking forward to joining Coverys’ excellent team and developing our underwriting capacity further.”