Insider View: Novae at the crossroads

Novae has had a difficult run, with the Ogden rate change
capping a period that has seen the departure of its respected CFO
and a profits warning that telegraphed a significant book value
drop.
The extent to which the last six months has looked a little
shaky for the small-cap insurer reflects the contrast with the
surefootedness that the company has shown over the last two or
three years.
People have got used to Novae as a success story. Issues...