Novae: UK corporation tax may force us to redomicile
Novae chief executive Matthew Fosh has said the UK’s economic landscape is set to force the insurer to redomicile, so it can remain competitive and yield bigger returns for shareholders.
Speaking following the publication of Novae's 2010 results, in which the Lloyd's insurer increased underlying pre-tax profit by 105% to £36.2m (2009: £17.7m), Mr Fosh, told Post that it is now
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