Novae closes US D&F operations in Bermuda

Novae has decided to shutter its US direct and facultative
(D&F) (re)insurance operations in Bermuda, The
Insurance Insider can reveal.
Sources indicated that unit head Nik Lucking and his team -
which include deputy head Nick Garside and senior underwriter
Keerome Maybury - had been let go.
In a statement to this publication, Novae said the group board
had decided not to renew its quota share reinsurance contract in
Bermuda for the 2018 year of account, and would no longer...