Novae Group plc

Novae Group plc

Sector: Insurance Agents Brokers And Service Region: United Kingdom

: | London Stock Exchange: NVA

Novae Group is a diversified (re)insurance business operating through Lloyd's of London. The Group is headquartered in London and has been listed on the London Stock Exchange since 1998. Novae writes both insurance and reinsurance in the property, casualty and marine, aviation and political risk markets. As part of the Lloyd’s market, Syndicate 2007 enjoys the overall A (A.M. Best), AA- (Fitch) and A+ (Standard & Poor’s) Lloyd’s ratings.
In 2013 we established our 'Growth & Efficiency' programme specifically to build upon the growing momentum within the business. The cornerstones of our strategy are a combination of expert underwriting, consistent performance and dynamic capital management and our primary focus is to deliver strong underwriting performance across our core business lines.


Matthew Fosh, Chief Executive Officer
Matthew joined the Group as Group Chief Executive Officer in November 2002. In 1989, he had co-founded Seagray Fosh Futures Limited, a company involved in the sale and execution of equity and fixed income derivatives, which grew to become one of the largest derivative brokers on LIFFE before its sale to ICAP plc in 2002. He has sat on the Council of Lloyd’s as a representative of Novae Corporate Underwriting Limited since February 2010 and is a non-executive director of Ariscom, Compagnia di Assicurazioni s.p.a.
Charles Fry, Chief Financial Officer
Charles joined the Group as Chief Financial Officer in April 2013. He began his career at PwC where he qualified as a Chartered Accountant in 1998. From 1999 to 2006 he worked at Benfield Group, in a number of senior finance roles, including Chief Financial Officer of the company’s largest operating division. He left to work with Apax Partners on their investment in Travelex Group and subsequently joined Guy Carpenter in New York in 2007 as Global Chief Operating Officer. From 2011 to 2013 he worked on a number of initiatives raising capital for insurance related projects in London.

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