Novae reports low losses but sees GWP drop 5%
Novae Group has reported low level losses due to a benign catastrophe period but also low investment returns for the period ended 30 September 2013.
The firm reported gross written premium for the first nine months was £484.6m (Q3 2012: £510.6m); this represents 84% of the planned gross written premium for the year (Q3 2012: 84% of planned income)
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