Novae Group has announced Steve Cross is joining the firm from CNA Hardy as the leader of its new construction unit.
The London market re/insurer said he will report to Stuart Heath, Novae’s divisional head of property.
At CNA Hardy Cross was head of engineering underwriting in London, responsible for developing a global construction and engineering portfolio.
He was also a founding member of a construction consortium between several Lloyd’s syndicates, set up in 2013 by Beazley, Canopius, CNA Hardy and Talbot.
Before CNA Hardy, Cross spent seven years at Zurich as a senior construction underwriter, and three year as a risk engineer for Allianz Cornhill
Cross said: “Novae has an excellent reputation in the market and is delivering high quality growth, making it an exciting time to be joining.
“Their culture of innovation and entrepreneurial ethos is attractive in this current market environment and I am looking forward to working with Stuart and the team to build this new unit,” he said.
Heath added: “A key component of our strategy is cultivating and maintaining capability in specialty classes; recruiting high calibre underwriters such as Steve is central to achieving this. We see significant opportunities in this area and I look forward to working with him to build our profile in this class.”