Novae Group offers insurance and reinsurance underwriting through the Lloyd's of London market. Subsidiary Novae Syndicates manages Lloyd's Syndicate 2007, which handles property and specialty policies, including marine, aviation, energy, medical malpractice, and political risk lines, in the UK and internationally. (Syndicates are groups of underwriters who specialize in particular risk categories.) It also operates a separate company, Novae Insurance Company, for European commercial lines written outside of the Lloyd's cost structure. The company underwent restructuring efforts in 2007, including the combining of its two syndicates into one.