Issues

Albert Benchimol is a brave man...

The economic and strategic positives of Axis Capital's takeover of Novae "far outweigh" any negatives arising from the deal, CEO Albert Benchimol has claimed

Axis Capital's proposed acquisition of Novae will propel the Bermudian into nine new lines, the company has said, as well as expanding its offering in eight classes it described as complementary.

Novae CEO Matthew Fosh could be set to personally gain as much as £9.6mn ($12.4mn) from his firm's agreed sale to Axis Capital

Axis Capital's deal to acquire London-listed Novae brings to completion a two-year M&A search for CEO Albert Benchimol following the collapse of the carrier's opportunistic tie-up with PartnerRe.

When investors and market watchers weigh the valuation of the agreed Axis-Novae deal the view they take will depend heavily on the perspective they use

Novae has sold to Axis in a $604mn deal announced very late last night

Years of speculation about Novae's future ended late yesterday with news that the company has sold itself to Axis Capital for $604mn.

The Novae name is set to become the latest Lloyd’s brand to be retired as Axis plans to bring the carrier under its own corporate banner and merge the two syndicates, The Insurance Insider can reveal.

Share price data on The Insurance Insider's universe of P&C (re)insurers

A white paper from a former Indian insurance regulator and the former Lloyd's general representative for India has called for the country's watchdog to "step up to the plate" and transform the national insurance market.

The Insider 50 index of global (re)insurance carriers edged up only marginally last week as gains at US specialty companies were largely offset by share price declines at UK and European firms