AXIS Capital announced that it will buy Novae Group plc in a $604 million deal that AXIS said would expand its scope and create one of the top-10 largest insurers in the London specialty market.
“A key component of our growth strategy is to have leadership positions, relevance and scale in each of the specialty risk markets where we choose to compete,” said Albert Benchimol, president and CEO of AXIS Capital in a statement.
Erin Ayers, AXIS to buy Novae Group in $604M deal (July 7, 2017), available with subscription at Advisen Professional Front Page News.
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