Flexpoint Ford Invests in Novel Financial Holdings

Novel operates a hybrid model that manages both policyholder-owned reciprocal exchanges through attorney-in-fact entities and traditional stock insurance companies. The company’s portfolio includes Forza Insurance Holdings, which manages SureChoice Underwriters Reciprocal Exchange and Elevate Reciprocal Exchange, alongside the GeoVera Nova group of companies. As of April 1, 2026, GeoVera Nova functions as a wholly owned subsidiary, maintaining its existing underwriting and distribution ties with SageSure Insurance Managers LLC.

Flexpoint Ford brings two decades of experience in the property and casualty insurance sector to the partnership. Managing Director Dominic Hood noted that the firm intends to support Novel’s strategy of combining fee-based services with balance sheet capital deployment across multiple business classes. Novel currently oversees approximately $2 billion in annual gross written premium, with GeoVera Nova’s rated entities recently maintaining an A (Excellent) financial strength rating from AM Best.