Novae Group
 | |
| Industry | insurance |
|---|---|
| Founded | 1986 in London, United Kingdom |
| Defunct | July 2017 |
| Successor | AXIS Capital |
Key people | John Hastings-Bass (chairman) Matthew Fosh (CEO) |
| Owner | AXIS Capital |
Novae Group Ltd was an insurance underwriting company headquartered in London.
History
[edit]Novae Group was founded in 1986 as SVB Holdings plc.[1] It specialised in the insurance of property, casualty and marine, aviation and political risks and was the subject of an initial public offering on the London Stock Exchange in 1998.[2] It changed its name to Novae Group plc in 2006.[1]
In July 2017, the company was acquired by AXIS Capital for $604 million.[3][4]
References
[edit]- 1 2 "Novae Group Limited". www.gov.uk. Retrieved 18 July 2023.
- ↑ "Axis buys Novae for £468m". Insurance Age. 6 July 2017. Retrieved 28 November 2025.
- ↑ "AXIS Capital to Acquire Lloyd's Specialty Re/Insurer Novae for $604 Million". Insurance Journal. 6 July 2017. Retrieved 28 September 2017.
- ↑ "AXIS completes Novae acquisition". Reinsurance News. Retrieved 28 November 2025.
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