Novae bloodstock team exit to set up MGA with Castel

Novae's bloodstock team have left to set up an MGA, becoming
the latest EC3 underwriters to take the plunge into delegated
authority business, the insurer confirmed today.
David Higgins and Tara Woodward will run the MGA through the
Castel Underwriting Agencies platform.
Novae said it is not exiting the equine insurance market and
will be backing the start-up with 100 percent capacity.
The carrier said the move had been mutually agreed and was
subject to approval by Lloyd's.
Higgins and...