Novae shuffles Lloyd’s leadership

Novae Syndicates has appointed Jo Butcher as chief executive, following the retirement of Jeremy Adams.

In addition, Rob Forster has been appointed chief underwriting officer of Novae Syndicates.

As a result of the appointments, Stuart Heath has been promoted to divisional head of property, John Owen has been promoted to divisional head of marine, aviation and political risks and Bob Patten, as previously announced, has been appointed divisional head of casualty.

Ian Burford becomes underwriting performance director and also becomes sole active underwriter for Syndicate 2007.

Matthew Fosh, chief executive of Novae, said: “I am delighted to be able to announce these exciting promotions. The success of our growth and efficiency programme relies on attracting and retaining the most knowledgeable and talented people in the market. The promotions we are announcing today highlight the growing depth of talent at Novae, as we continue to build momentum in the business.”