AXIS Sweetens Offer for Lloyd’s Specialty Carrier Novae to $611.5M

AXIS Capital Holdings Ltd. has substantially sweetened its offer for Novae Group plc, a Lloyd’s of London specialty insurer and reinsurer. AXIS, a Bermuda-based specialty insurer and reinsurer, said it will now pay $611.5 million in cash for Novae, up …

from News – Insurance Journal