Novae and Securis SPS gets Lloyd's assent

Listed Lloyd's carrier Novae and top-10 alternative fund
manager Securis have received formal approval from the Corporation
to launch Special Purpose Syndicate (SPS) 6129 on 1 January.
The vehicle will have a stamp capacity of £75mn on a gross
basis. Netting in the 20 percent of the book that Novae will
retain, the stamp capacity will be £94mn ($143mn), with the
syndicate dedicated to US excess and surplus lines property.
Sister title Trading Risk revealed
earlier this month that Nov