Novae Group

Last updated

Novae
Industry insurance
Founded1986;39 years ago (1986) in London, United Kingdom
DefunctJuly 2017 (2017-07)
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

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

  1. 1 2 "Novae Group Limited". www.gov.uk. Retrieved 18 July 2023.
  2. ↑ "Axis buys Novae for £468m". Insurance Age. 6 July 2017. Retrieved 28 November 2025.
  3. ↑ "AXIS Capital to Acquire Lloyd's Specialty Re/Insurer Novae for $604 Million". Insurance Journal. 6 July 2017. Retrieved 28 September 2017.
  4. ↑ "AXIS completes Novae acquisition". Reinsurance News. Retrieved 28 November 2025.


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