Novae posts 6% jump in GWP
Novae has reported a gross written premium of £231.1m in its Q1 results representing a 5.7% increase on last year (2010: £219.7m).
This represents 37% of the planned gross written income for the year compared to 34% last year. Net claims ratio for the first three months was 59% (Q1 2011: 98%); investment returns were up to £6.9m
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