SRL to review Novae ratings after book shake-up

Syndicate Research Limited (SRL) has placed its B+^ (above
average) syndicate continuity opinion of Novae's Syndicate 2007
under review for possible downgrade.
The research firm said it had made the change following
significant alterations to Novae's book of business and in
light of concerns "over the potential for Syndicate 2007's
main capital provider's significant underwriting leverage to
affect the ongoing business".
SRL said the review would look to determine whether Syndicate
2007's contin