Novae reports improved 2015 COR and GWP
Novae Group has reported a marginal increase in profit before tax of £54.9m (2014: £52.4m) and an improved combined ratio of 90.8% (2014: 91%) for the year ended 31 December 2015.
Gross written premiums rose to £787m from £638.5m in 2014 with 14.3% of growth coming from investment in new underwriting teams.
The insurer's net investment income dropped from £14.3m in 2014 to £6
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