Novus Underwriting, the specialist global wholesale warranty and affinity MGA, has further strengthened its underwriting capabilities with the appointment of Mark Noble.
Noble has five years of industry experience and has expertise in a range of consumer protection insurance products, particularly accident, sickness and unemployment insurance.
He has in-depth understanding of the development of consumer-centric products and expertise in building value-driven custom solutions.
Noble joins Novus from Canopius where he served as an associate underwriter on the consumer specialty team.
Novus was founded in 2017 by Aventum Group leaders and is part of Aventum’s international specialty re/insurance MGA Rokstone Group.
Novus currently writes over £270 million in gross premiums annually across mobile device protection, extended vehicle warranties, GAP, affinity programmes, appliance and furniture warranties and financial protection products. The company expects to have a global warming potential of £450 million by 2030, diversifying its product portfolio, growing in the UK and expanding its international presence.
Grant McMorrow, Head of Underwriting – Affinity and Warranties at Novus, commented: “We are delighted to welcome Mark to our team. His experience in UK consumer protection insurance products strengthens our underwriting team in the UK and, crucially, he will provide myself and the management team with the bandwidth required to deliver on our growth vision. As we become the world’s leading underwriting business in warranty and affinity, our focus is on delivering best-in-class results for our partners.”
Noble added: “I join Novus at a very exciting time. Leaving Canopius was not a decision I made lightly, but Novus’ entrepreneurial and autonomous culture made it the logical next step for me. Novus is a relationship-driven, technologically advanced business that has redefined what greatness is in the warranty and affinity markets. I look forward to playing my role as it continues to exceed its growth goals.”
