Positive 2007 performance

Insurance Age staff
01 Apr 2008

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Various syndicates and insurers in the London Market have reported a profitable year following the release of their annual results.

Novae recorded its second successive year of record profits despite citing continuation of difficult trading conditions last year. Profit before tax was up by 31% to £41m (2006: £31.3m), with operating profit rising by 21% to £56.4m (2006: £46.8m) and a combined ratio of 90.4%. The insurer also stated that it had released £5.8m from its reserves.

Following reports of

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 [email protected].

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

To continue reading...

Sign In

Access Insurance Age

You are currently on corporate access.