 | |
| Industry | insurance |
|---|---|
| Founded | 1986 (1986) in London, United Kingdom |
| Defunct | July 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.34
References
References
- "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.