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BRIEF-Insurer Novae says well-placed to absorb Sandy hit
November 8, 2012 / 8:37 AM / 5 years ago

BRIEF-Insurer Novae says well-placed to absorb Sandy hit

LONDON, Nov 8 (Reuters) - Novae Group PLC : * Group gross written premium for the first nine months: £510.6 million, * Investment return during the first nine months: £22.1 million * Renewal rates across all lines were on average 1% up at the nine month stage * Nine months net claims ratio: 58.7% (Q3 2011: 73.5%) * Well placed to respond to the damaging effects of superstorm Sandy on the US

eastern seaboard

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