Planned reductions behind GWP dip at Novae during 'challenging period'
Novae Group has attributed planned reductions in its reinsurance segment for a dip in gross written premium for the first half of the year.
The insurer reported a GWP of £361.8m down from £395.6m at the same period last year.
The firm's combined operating ratio was recorded at 91.6% (H1 2012: 93.2%), while underwriting contribution
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