Novae Group

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Novae

Industry| insurance
Founded| 1986; 39 years ago (1986) in London, United Kingdom
Defunct| July 2017 (2017-07)
Successor| AXIS Capital
Owner| AXIS Capital

Novae Group Ltd was an insurance underwriting company headquartered in London. John Hastings-Bass was the company's chairman. Novae Group was founded in 1986 as SVB Holdings plc and changed its name to Novae Group plc in 2006, then to Novae Group Ltd in 2018.[1]

In July 2017, the company was acquired by AXIS Capital for $604 million.[2]

## References

[edit]

1. ^ "NOVAE GROUP LIMITED". www.gov.uk. Retrieved 18 July 2023.
2. ^ "AXIS Capital to Acquire Lloyd's Specialty Re/Insurer Novae for $604 Million". Insurance Journal. 6 July 2017. Retrieved 28 September 2017.

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