Premiums rise 7% in 'testing' market conditions
Novae Group has reported pre-tax profits for the first half of the year of £16.8m, up 8% compared to last year.
Gross written premiums rose to £186m from £173m in the first half of 2007.
Matthew Fosh, the specialist insurer’s chief executive, said: “This is an encouraging set of results in challenging circumstances. Market conditions remain testing, but profitable opportunities remain, and both financially and operationally our position continues to strengthen.”
Novae’s combined ratio declined to 86.7% compared to 86.1% last 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.
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.
