AXIS Capital snaps up Novae for $604m

AXIS Capital is to acquire Lloyd's insurer Novae Group for £468 million ($604 million) in an all-cash deal based on paying 700 pence per Novae share. The transaction is expected to close in the fourth quarter of 2017.

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Contact: Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

AXIS, Novae, M&A, Lloyd's, North America, Europe, Albert Benchimol, Peter Wilson, Robert Forster

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