Novae reports £40.2m pre-tax profits for 2008

It added net tangible assets per share was 410.8p, up 12% from 2007 and net tangible assets per share including off balance sheet deferred tax asset: 434.7p, up 10% from the previous year.

Looking ahead Novae said it is currently anticipating that rates will increase across its account as a whole by some 5-10% in 2009, with considerable divergence between segments. Property and aviation & marine are expected to see more significant increases, with specialty broadly in line with the whole and

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: