Novae Group
Insurance underwriting company
From Wikipedia, the free encyclopedia
Novae Group Ltd was an insurance underwriting company headquartered in London.
| |
| 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 |
History
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]
