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Novae profits down on higher claims

04 March 2010

Lloyd’s of London insurer Novae reported a dip in 2009 pre-tax profits after suffering increased aviation reinsurance and credit losses.

Read more: Lloyd’s of London Novae aviation matthew fosh

Lloyd’s of London insurer Novae reported a dip in 2009 pre-tax profits after suffering increased aviation reinsurance and credit losses.

Net income slipped to £4.2m ($6.3m) from £40.2m in 2008 after the aviation reinsurance unit incurred losses...


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