US E&S business drives growth at Novae but it warns on poor full year combined ratio


Novae Group enjoyed substantial growth driven largely by US excess and surplus lines in the first quarter of 2017 despite exiting a number of casualty lines of business where it has deemed rates unsustainable. But it also warned that these would still hit its profitability this year.

Novae Group, First quarter 2017 results, UK, Matthew Fosh, North America

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