Novae 'rebalances' book to deliver £49m profit
Novae has reported underlying profit before tax of £49.3m (2011: £6m loss) while the underlying pre-tax return on equity was 17.6% (2011: negative return of 2.1%).
Chief executive Matthew Fosh attributed the reduction in gross written premium to £612m (2011: £624m), to its strategy of rebalancing its book from its predominantly longer-tail, liability past
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Lloyd’s/London
Insurance Post’s Christmas Special Podcast
Post content director Jonathan Swift, news editor Scott McGee and Emma Ann Hughes, editor, ditch the usual format of our publication’s award-winning podcast to deliver a holly, jolly Christmas Special.
Beazley’s Cox names energy demand and ‘AI washing’ as risks for 2025
Beazley CEO Adrian Cox has highlighted increased demand for energy and “AI washing” as emerging risks the insurer will be keeping an eye on next year.
City of London to host summit to champion financial services
The City of London Corporation has today (11 December) announced the inaugural Global Risk Summit in London on 21 May 2025.
Lloyd’s warns of $13.6trn future pandemic cost
The global economy could be exposed to potential losses of $13.6trn (£10.7trn) over a five-year period in the event of a future human pandemic, research by Lloyd’s and the Cambridge Centre for Risk studies has found.
Lloyd’s ranks last in fossil fuel policy strength
Lloyd’s of London was the lowest ranked for relative strength of fossil fuel policies out of 30 insurers and reinsurers assessed in Insure Our Future’s latest scorecard.
Big Interview: Rob Gibbs and Alex Hardy, SiriusPoint
Rob Gibbs, CEO and Alex Hardy, head of sales and distribution at SiriusPoint International, sit down with Harry Curtis to discuss how the insurer and reinsurer is looking to diversify and forge enduring partnerships with MGAs.
Lloyd's Neal calls CrowdStrike 'warning shot' to insurers
John Neal, CEO of Lloyd’s of London, has described the CrowdStrike outage as a “warning shot” for insurers on the importance of cyber resilience.
Natural for insurers to ‘wobble’ after Blueprint Two delay
It’s natural to expect frustration from the London market following the latest delay to Blueprint Two, according to Jamie McDonnell, London market lead at Guidewire.t.