Neova is a general insurance company based in Istanbul, Türkiye, and is wholly owned by Kuwait Turkish Participation Bank, which is a subsidiary of Kuwait Finance House (KFH) Group, one of the leading financial groups headquartered in Kuwait, with operations spanning approximately 10 countries.

Neova operates across a broad range of general insurance business lines, with surety being one of its core specialties. Neova is the market leader in the Turkish surety insurance market. With over 600 employees and nearly 5,000 distribution channels, Neova has established a strong operational and commercial presence across Türkiye and, in line with its global growth strategy, has been providing capacity to syndicates at Lloyd’s of London as a capital provider since the beginning of 2025.

The company holds a national scale rating of A+ from Fitch.

The surety market in Türkiye is structurally dominated by banks, which account for approximately 99% of total guarantee issuance. Neova is at the forefront of developing the insurance-based surety segment, raising market awareness and offering corporates a credible alternative to bank letters of guarantee.

Surety underwriting at Neova is supported by a dedicated internal Credit Committee, whose members bring an average of 20 years of banking experience, providing a rigorous, credit-focused assessment culture that underpins the company’s underwriting discipline.

Neslihan Neciboğlu – Member of the Board of Directors & CEO
neslihan.neciboglu@neova.com.tr
Cem Salih Çelen – EVP (UW, Reinsurance)
cem.celen@neova.com.tr
Sami Kaya – EVP (Surety, Trade Credit, Digital Marketing, Bankassurance)
sami.kaya@neova.com.tr
Abdullah Samet Meşe – EVP (Claim, Legal)
abdullah.mese@neova.com.tr