Novacore Launches Environmental Insurance Segment with Experienced Leadership
Novacore has launched a new Environmental segment focused on underwriting environmental remediation and pollution liability risks, expanding its specialty insurance platform into this niche market. The initiative is led by industry veterans Cole Russo as President of the Environmental division, Roland Costanzo as Chief Operating Officer & Executive Vice President of Underwriting, and Al Nesheiwat as Senior Underwriter. These leaders bring over 30 years each in environmental underwriting, claims management, and risk consulting across major industries like chemical manufacturing, energy, and insurance. The segment will initially focus on two key products: a re-engineered Environmental Remediation Cost Cap (ECC) product and Pollution Legal Liability (PLL). The team emphasizes disciplined underwriting practices to ensure long-term profitability. Novacore aims to begin writing business later this year with detailed program specifics expected soon.
Topics: environmental_remediation insurance pollution_liability