Novea Inc. Appoints Neil D. Smith to its Board of Directors and to Jacana Insurance Risk Committee
LOS ANGELES, Jan. 21, 2022 /PRNewswire/ -- Novea, Inc., ("Novea") a financial technology (fintech) software company founded in 2015, announced today the appointment of Neil D. Smith ("Smith") to the Board of Directors and to the Risk Committee of its insurance subsidiary, Jacana Insurance.
Smith, who is based in London, is a seasoned insurance industry executive with nearly three decades of experience. He currently serves as Executive Chairman of Newpoint Insurance Brokers Limited ("Newpoint Brokers"), previously known as Tobell Insurance Services having changed its name following its acquisition by Newpoint Financial Group. Newpoint Brokers is a Lloyd's broker and a specialist in bespoke insurance products including a broad scope of warranty products and covers in regions across the globe
James Quinlan, CEO of Novea, said "Neil has an exceptional reputation and proven track record in the insurance industry and bringing to the Novea Board of Directors additional expertise and experience as we navigate our business and growth plan. We could not be more excited to welcome him as a valued member of both our board and the Jacana Insurance Risk Committee"
With his appointment, the number of directors on Novea's board increases to (3) with Smith being the first independent director.
Prior to Newpoint Brokers, Smith held senior management positions with leading wholesale insurance brokerages, specialty insurance and reinsurance companies. Smith began his professional services career with Ernst & Young. Smith is a graduate of Imperial College having graduated With Honors in Mining Engineering.
Smith's appointment follows Novea's December 20, 2021press release where it announced its $55 million financing from Newpoint Financial Group, a global diversified firm with operations through Europe, United States and West Aftica.
About NOVEA, INC. Novea Inc.is a financial services technology (FinTech) software company which has launched its proprietary user app, Jacana Warranty fully backed by Jacana Insurance, both wholly owned subsidiaries of Novea Inc.Jacana Insurance is a captive specialty insurance carrier that offers warranties and service contracts on consumer products and electronics. Jacana Warranty has put the warranty buying power back into the hands of the consumer with the goal of becoming the consumer's ideal choice. For more information, please visit www.jacanawarranty.com .
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