Novae's underwriting profit climbs 50%; pays special dividend
Novae Group's underwriting profit was £48.9m last year, an increase of 50% over 2012 when it recorded £32.6m. As a result the Lloyd's insurer is paying a special dividend of 20p a share.
Gross written premiums were £590.3m in 2013, down 4% compared to 2012 when they hit £612m. The insurer, which covers marine, aviation and political risk, attributed the drop in part to "planned
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