What Novark does
Institutional insurance management for the insurance-linked securities and alternative risk transfer market – connecting risk with capital.
Insurance management
From formation and licensing through governance, reporting and ongoing administration.
Capital-markets-grade platform
Institutional transparency, connectivity and engagement across the transaction lifecycle.
Global expertise
Specialist insurance and securities expertise, backed by the strength of Howden
Trust, embedded in infrastructure.
A platform built for institutional discipline.
About Novark
A Howden-backed insurance management business in Bermuda.
Novark provides insurance management and securities administration to the insurance-linked securities and alternative risk transfer market — from formation and licensing through governance, regulatory reporting and ongoing administration. It combines specialist expertise with purpose-built technology to give market participants greater visibility, accountability and control throughout the transaction lifecycle. It is backed by Howden.
The companies
- NovarkTechnology platform
- A technology platform established to modernise how institutional capital accesses and manages insurance risk.
- Novark Management Ltd.Insurance management and securities administration
- A Bermuda incorporated insurance management and securities administration company, authorised and regulated by the Bermuda Monetary Authority. Currently known as Alternative Risk Management (Bermuda) Limited.
- Novark Re Ltd.Class 3 insurer
- A Bermuda based Class 3 insurer and segregated accounts company. Currently known as ARM Insurance Ltd.
Registered office: Exchange House, 2nd Floor, 110 Pitts Bay Road, Pembroke HM08, Bermuda.
Common questions
What people ask about Novark.
What does Novark do?
Novark provides institutional insurance management and securities administration for the insurance-linked securities (ILS) and alternative risk transfer (ART) market. That covers formation and licensing, governance, regulatory reporting and ongoing administration, delivered on a purpose-built technology platform.
Where is Novark based, and how is it regulated?
Novark is based in Bermuda, at Exchange House, 2nd Floor, 110 Pitts Bay Road, Pembroke HM08. Novark Management Ltd. is a Bermuda incorporated insurance management and securities administration company, authorised and regulated by the Bermuda Monetary Authority. Novark Re Ltd. is a Bermuda based Class 3 insurer and segregated accounts company.
Is Novark part of Howden?
Novark is a Howden-backed business. It operates under its own name and its own Bermuda regulatory permissions, with the specialist expertise and balance-sheet strength of Howden behind it.
Was Novark previously called something else?
Yes. Novark Management Ltd. is currently known as Alternative Risk Management (Bermuda) Limited, and Novark Re Ltd. is currently known as ARM Insurance Ltd. The changes of name are in progress; the companies, their permissions and their teams are unchanged.
Who does Novark work with?
Sponsors and cedents bringing risk to the market, investors deploying capital into it, MGAs and reinsurers. Novark sits between risk and capital and administers the structures that connect the two.
What is a segregated accounts company, and why does it matter here?
A segregated accounts company can hold separate, legally ring-fenced cells within a single registered entity, so the assets and liabilities of one transaction are kept apart from every other. It is the structure much of the ILS market is built on, because it lets investors take defined exposure to one deal without being exposed to the rest.
