• Ironshore buys agri reinsurance business from Novae

    Ironshore has secured the services of Novae's agriculture
    reinsurance team in a deal that also sees the Fosun-owned carrier
    acquire the renewal rights to the £51mn portfolio written by
    the five-strong unit.
    Listed Lloyd's carrier Novae said the move demonstrated a
    "proactive approach" to managing its underwriting
    portfolio.
    In its 2014 end of year results, Novae said it had a
    "significant" presence writing agriculture reinsurance in
    Lloyd's which accounted for 16.5 percent of its syndicate

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