Novae delivers 6% GWP increase in Q3 despite property and casualty slump
Lloyd’s insurer Novae Group has chalked up a 6% increase in gross written premium to £515.1m for the period ended 30 September 2014 (Q3 2013: £484.6m), despite recording GWP reductions in its property and casualty businesses.
The property division's GWP decreased by 6% to £206.5m (Q3 2013: £220.3m), however, the firm reported that the division continues to generate profitable new business opportunities in areas where
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