Novae retains chance of 2011 profit after solid Q3
Novae gave its shareholders hope that it could rescue a positive underwriting return for 2011 by announcing that its year-to-date loss ratio had come in by 6 percent on the back of its third quarter result.
At the half-year Novae reported a combined ratio of 111 percent following first quarter cat losses that included a claims ratio of 79.5 percent.
The listed Lloyd's player has brought this in to 73.5 percent for the nine months to 30 September, with a...
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