Novae finalises run-off closures
In an announcement to the London Stock Exchange, Novae has confirmed it has closed two of its run-off syndicates, while predicting its pre-tax profit for 2010 will reach at least £34m.
The insurer has made the decision to close the 2002 and prior open years of run-off syndicates 1007 and 1241 into Syndicate 2007.
The insurer said the syndicates would normally have been closed at the
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