Q1 gross written premium reaches £167m

Lloyd’s insurer Novae increased gross written premium (GWP) in the first quarter of this year to £167.2m, a 48% increase on the £113.1m posted in the same period last year.

Rates increased 2% in the first quarter, compared with 5% last year.

Chief executive Matthew Fosh said: “In December last year we set out specific measures within a clear timeframe to raise the group’s return on equity across the underwriting cycle. Four months into 2010, we can report significant progress in meeting these objectives.”

The insurer said it continued to expect Novae Re to write £90m-£100m of gross premium this year.

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics