Novae announces 31% rise in pre-tax profits
Novae group has announced its pre-tax profits rose by 31% to £41.m despite toughening market conditions in 2007.
The London-based insurer has reported that its combined ratio rose nine points to 90.4%. Earnings per share increased to 4.5p from 3.8p in 2006.
Chief executive Matthew Fosh said its Lloyd's business
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