Novae broker panel looks to net £100m

Novae Underwriting has announced it intends to have written £100m business by end of 2005, having la...

Novae Underwriting has announced it intends to have written £100m business by end of 2005, having launched last April with a streamlined panel of IT focused brokers.

The specialist liability service company, owned by SVB Holdings, said it would look to roll out more technology to broker's offices and build on the recent successful pilot of its RiskWrite system, which issues policy documentation to brokers within 24 hours.

Commenting on the underwriting system, Stuart Quinlan, underwriting

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