🚧 Are you aware of the risks for drywall installers & painters? 🎨 Contractors Guard is the exclusive artisan #contractor program designed for long-term coverage. Protect your clients' craftsmanship from on-the-job risks like overspray & spills, property damage, and water damage. With occurrence-based forms and warranty monitoring, #ContractorsGuard supports your contractors long after they've left the job site. Keep their work and your business covered! Get appointed today: https://hubs.la/Q02H6JNQ0 #ArtisanContractors #InsuranceProtection #NRG
Novatae Risk Group
Insurance
Dallas, Texas 2,402 followers
Specialty Insurance \ Reimagined
About us
Novatae is a modern specialty insurance distributor offering innovative solutions from responsive brokers, underwriters, and program managers who are passionate about helping you and your clients. As a leading MGA, program underwriter, Lloyds Coverholder, and wholesaler, we offer exclusive underwriting solutions for dozens of industry classifications from more than 500 global insurers. Novatae is specialty insurance, reimagined.
- Website
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https://novatae.com
External link for Novatae Risk Group
- Industry
- Insurance
- Company size
- 51-200 employees
- Headquarters
- Dallas, Texas
- Type
- Privately Held
Locations
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Primary
12700 Park Central Drive
Suite 510
Dallas, Texas 75251, US
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629 W College St
Grapevine, Texas 76051, US
Employees at Novatae Risk Group
Updates
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#Novatae is growing, and we're looking for talented individuals to join our team! If you're passionate about insurance and ready to make an impact, we want to hear from you. Check out our current openings and apply today to be part of a dynamic team dedicated to innovation and excellence. Join Novatae and shape the future of #insurance with us! 🌟 #JoinOurTeam #InsuranceCareers #CareerOpportunity #NRG
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Richard Kerr, Chief Executive Officer, Novatae Risk Group, recently spoke on Insurance Business America's podcast, IB Talk, about the challenges of an elongated hard market cycle. During this engaging discussion, he delved into the intricacies of the excess and surplus markets, with a particular focus on the pivotal role of Lloyd’s of London. Kerr emphasized that, given the protracted hard market conditions, Lloyd’s of London is poised to become increasingly vital within the North American insurance sector. This strategic foresight significantly influenced Novatae’s decision to acquire Bretton Woods International of London, a specialized Lloyds of London broker. To gain a deeper understanding of these developments, tune in to the full podcast! https://hubs.la/Q02J4bPx0 #hardmarket #insurance #lloydsoflondon
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Congrats to david cofie, our Employee of the Month! 🎉 David’s dedication and exceptional service at Novatae are truly commendable. With a strong background as a US Navy medic, he brings discipline and expertise to his role as Accounting & Consolidations Manager. David excels in managing financial functions, ensuring compliance, and integrating acquisitions. Well-deserved recognition! 👏 #EmployeeOfTheMonth #Novatae #Excellence
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🌞 With summer in full swing, the question of what's covered by a landscaper's insurance policy has never been more relevant. The 11th U.S. Circuit Court of Appeals recently tackled this issue, exploring whether installing an in-ground trampoline falls under landscaping work. According to artificial intelligence, it does! 🤖🌳 Read more about this intriguing case and the court's decision here: https://hubs.la/Q02DjkLC0 #LandscapingInsurance #SummerSafety #NRG
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📈 Insurance Rate Update 📈 The average rate increase for personal lines coverages in the U.S. jumped from 4.75% in Q1 2024 to 7.6% in Q2. 🏠 Homeowners insurance rates are rising due to higher replacement costs and inflation-driven building material prices. 🚗 Auto insurance rates are also up, driven by increased repair costs and higher liability claims. Richard Kerr, CEO of Novatae Risk Group, explains that these factors are leading to larger-than-expected claims. The National Alliance for Insurance Education and Research’s surveys support these findings, highlighting the impact of new and renewal placements across the country. Stay informed with our Market Barometer. Read more here: https://hubs.la/Q02H0d3v0 #Insurance #HomeownersInsurance #AutoInsurance #MarketTrends
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🚗 Explore our Service Station Program at #Novatae! Tailored for service stations and 24-hour convenience stores, our program offers fast quoting for brokers and exceptional claim service for insureds. We cover general and liquor liability, assault and battery, crime and theft, and property up to $10 million TIV. Perfect for new ventures with a minimum of two years’ experience. Get a quote today! https://hubs.la/Q02Dj5hv0 #Insurance #ServiceStations #NRG
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🌀 #NOAA predicts an active 2024 Atlantic #hurricaneseason with up to 25 named storms, including 4-7 major hurricanes. Novatae's keeping an eye on the forecast – are you? Get the full forecast and prepare ahead: https://hubs.la/Q02Dj6B90 #NRG
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📊 Insurance Market Update 📊 The composite rate for U.S. property and casualty insurance saw a slight increase from 3.9% in Q1 to 4.36% in Q2 2024. Insurers are confident in their pricing strategy, with no significant rate changes across coverage or industry groups. 🌪️ As we enter hurricane and wildfire season, property rates may fluctuate, but for now, stability prevails. Richard Kerr, CEO of Novatae Risk Group, highlights the steady market conditions, supported by surveys from the Risk & Insurance Education Alliance and MarketScout’s analysis. Stay informed and keep on reading here https://hubs.la/Q02H0d5f0 #Insurance #MarketTrends #PropertyInsurance #CasualtyInsurance
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Novatae hosted an unforgettable company happy hour at The Sandy Pickle! The evening was filled with laughter, drinks, and excitement as our team came together to unwind and have fun. 🍹😄 🏓✨ A huge congratulations to Brian Panzeri and Colby Altom, our champions of Pickleball! 🏆👏 Thank you to everyone who joined us and made the evening so special. Here’s to more amazing moments and memories with the Novatae family! 🥂🎊 #Novatae #CompanyHappyHour #TeamBonding #PickleballTimes
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