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Novae acclaims move to short tail classes in Q3 results

The Lloyd's building

Lloyd's insurance group Novae has reported gross written premium for the first nine months of 2010 to £473.3m, up 54% (Q3 2009: £308.2m).

Of the total gross written premium, 52% was in respect of property/short-tail units and 48% of liability/long-tail units.

The year-on-year increase in gross written premium at the third quarter stage

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