Novae in syndicate merger
Novae Syndicates the Lloyd's platform for Novae Group Plc, today announced it is to merge its syndicates 1007 and 2147 with effect from the 2007 year of account.
The newly merged entity is to be renumbered Syndicate 2007 and will have a merged capacity for the new year of account of £360 million – the aggregate of the 2006 capacity of syndicates 1007 and 2147
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