Novae posts record GWP figures for 2014
Lloyd’s insurer Novae Group posted a 1% drop in profit before tax and foreign exchange in 2014, despite delivering record gross written premium of £638.5m last year (FY 2013: £590.3m).
Novae's combined operating ratio for the 12 months ending 31 December 2014 saw a marginal deterioration at 91% (FY 2013: 90.3%) alongside a dip in pre-tax and foreign exchange profits to £52.4m (FY
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