26 January 2015 Insurance

Novae poaches AIG exec

Specialist insurer Novae has appointed James Creasy as class underwriter of the cyber division.

He will report to Dan Trueman, head of cyber.

Creasy was previously senior underwriter of financial lines at AIG cat excess liability, where he was responsible for the professional indemnity and cyber book.

Prior to this, he spent three years at WR Berkley Insurance as a professional indemnity underwriter. He also held roles at Berkley Re in Australia and Admiral Insurance Company in the USA.

Creasy said: “Cyber is a rapidly growing area and Novae has been at the forefront of the market in developing a specialism for this class of business. I am looking forward to working with Dan and the team.”

Jo Butcher, head of casualty at Novae, added: “Novae launched its cyber division at the beginning of 2014 and in just over a year we have seen significant growth in this niche and complex class, as awareness of cyber risks is increasing.

“We need talented underwriters like James to help us take advantage of these opportunities; his experience and relationships in the market will play an important role in helping us expand our offering.”

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