2026-09-07 · Source: ARTEMIS Reinsurance
Summary in 3 Points • Howden Re launched Novark Group to modernise insurance-linked securities infrastructure • Novark provides near real-time data updates for insurance investors and ILS participants • The platform aims to make insurance risk more accessible to institutional capital --- Howden Re has introduced Novark Group, a new venture designed to modernise the infrastructure of the insurance-linked securities (ILS) market. Novark offers a digital-first platform for insurance management and securities administration, providing near real-time data updates for investors. The platform aims to enhance transparency and control for investors, making insurance risk more accessible to institutional capital. Novark includes Novark Management Ltd., a Bermuda-based insurance management company, and Novark Re Ltd., a Class 3 insurer that acts as a risk transformation vehicle. Howden Re believes that the current infrastructure has not kept pace with the growth of the ILS market, and Novark seeks to address this by providing a more connected and efficient way for insurers and reinsurers to manage third-party capital.
The launch of Novark Group by Howden Re could significantly impact the London Market by providing insurers and reinsurers with enhanced tools for managing third-party capital. This development may lead to more efficient risk transfer structures and improved transparency in insurance-linked securities. Underwriters and brokers in the London Market could benefit from the platform's ability to offer near real-time data, potentially influencing policy wording and pricing strategies. Additionally, Novark's focus on making insurance risk more accessible to institutional investors might drive increased capital flow into the market, affecting exposure and claims management.