Novae COR deteriorates to 96.1%
As GWP increases to £513.1m for the first half of 2016.
Novae has reported a deteriorating COR of 96.1 percent for the first half of 2016 compared to 89.8 percent in the same period last year.
The results also showed that GWP increased to £513.1m (H1 2015: £463.1m) in a year which the firm described as "eventful".
Profit before tax and foreign exchange also grew to £37.9m, up from £29m in 2015.
Improvements
Matthew Fosh, chief executive officer, today said: "In what was an eventful first half of the year for the industry Novae has shown its growing
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