22% increase in pre-tax profit
Novae posted pre-tax profit of £17.7m for the six months ended 30 June 2007, up 22% on the same period last year.
Gross premium revenue fell to £135m from £147.6 in 2006. The combined ratio was 86%.
Matthew Fosh, chief executive, said: “Novae has had a successful first half. Underwriting has been profitable across all areas of the business. Although the competitive environment is more challenging, we remain upbeat for the year as a whole.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
