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Novae Group Ltd.

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1 through 20 of 55 matching documents, best matches first.   Sort by date

Axis to Complete £477.6 Million Novae Acquisition in Two Phases in October
Axis said in a statement. The transaction has received regulatory approval from the Prudential Regulation Authority, the Financial Conduct Authority, Lloyd's and the Bermuda ...
Source: BestWire   Date: September 26, 2017
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99.9% of Novae Shareholders Accept £477.6 Million Axis Bid
Novae at 715 pence per share. The latest terms had been agreed on by the two companies after what Axis had described as an "increased and final" offer. An earlier offer, announced ...
Source: BestWire   Date: August 29, 2017
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Novae Accepts ‘Increased and Final’ Axis Capital Offer
Axis said in the joint statement. Novae's acceptance of the initial Axis Capital offer was followed by the decision by Novae shareholder Neptune Investment Management Ltd. to ...
Source: BestWire   Date: August 25, 2017
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After Axis Offer, Novae Posts First-Half Pretax Loss
Axis Capital Holdings Ltd., specialist Lloyd's property/casualty insurer Novae Group plc reported a pretax loss of £14 million for the first six months of 2017. Novae, which will ...
Source: BestWire   Date: August 2, 2017
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Sompo to Acquire Novae’s Financial Institutions Renewal Rights
Syndicate 2007, Sompo said in a statement. Terms were not disclosed. The assets to be acquired generate annual gross written premiums of more than $25 million, Sompo said. The deal ...
Source: BestWire   Date: May 31, 2017
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Novae Executive: Expanding Cyber Market May Hit Talent Snag
Trueman told Best's News Service. In the wider underwriting market, which is seeing historically low pricing, he said, cyber is offering both growth and the chance to innovate. ...
Source: BestWire   Date: May 16, 2017
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Novae Completes Underwriting Revamp as First-Quarter Premiums Rise 25.5%
News Service, April 10, 2017). Novae said its portfolio, completed earlier this year, focuses on classes where the group can retain "a demonstrable competitive advantage." Novae ...
Source: BestWire   Date: May 10, 2017
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After Ogden Rate Cut, UK Motor Insurers Face Election Uncertainty
Catherine Thomas, senior director, analytics at A.M. Best Europe - Rating Services Ltd., said the election is likely to delay plans by the government to seek to reduce cash ...
Source: BestWire   Date: May 2, 2017
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Brokers: Quota-Share Deals Become More Common Amid Soft Reinsurance Market
David Flandro, global head of analytics, JLT Re. He noted there are economic reasons for the increased activity through quota shares as insurers are being covered more freely and ...
Source: BestWire   Date: April 10, 2017
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Novae CEO: Changing Market Pointed to Niche Strategy
Executive Officer Matthew Fosh made what he described as a classic choice. "Either, you get very, very big or you get very, very niche," Fosh told Best's News Service. He said the ...
Source: BestWire   Date: April 10, 2017
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Novae, Fidelis Ink US Property Catastrophe Quota-Share Deal
Fidelis for further comment were not immediately successful. Novae, which operates through Lloyd's Syndicate 2007, writes property/casualty and marine, aviation and political risk ...
Source: BestWire   Date: March 29, 2017
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Novae Points to Ogden Rate Change for Hit to 2016 Pretax Profit
Matthew Fosh, chief executive officer, said in a statement. "Irrespective of short-term knocks, this strategy has steadily been transforming this business since 2013 - the journey ...
Source: BestWire   Date: March 9, 2017
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Novae CFO To Step Down in October
Charles Fry will leave Novae Group plc as chief financial officer on Oct. 31 and is stepping down from the company's board of directors immediately, the group said. Reeken Patel ...
Source: BestWire   Date: September 23, 2016
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Novae Cites Currency Boost, Investment Rise in First-Half Result
United Kingdom out of the European Union. With currency shifts figured in, the group's pretax profit was £63.8 million, up from £16.9 million. "Despite the challenging market ...
Source: BestWire   Date: August 3, 2016
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Novae Names US Direct and Facultative Deputy Unit Head
Allied World in Boston, where he was most recently a vice president. He spent seven years underwriting a "diverse portfolio" of property risks, said Novae. Prior to this he was at ...
Source: BestWire   Date: March 7, 2016
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Novae Launches Lloyd’s Property Excess and Surplus Syndicate
Securis and is focused on U.S. property excess and surplus lines business. "The SPS is class specific unlike other recently formed SPS entities that tend to operate by way of a ...
Source: BestWire   Date: November 25, 2015
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Experts Ponder Lloyd's M&A Prospects in Wake of Amlin Deal
Mitsui Sumitomo paid for Amlin (Best's News Service, Sept. 8, 2015) created a potentially costly "bounce" in share prices, Cornes said. Further, he noted, any future transactions ...
Source: BestWire   Date: September 18, 2015
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In 'Major Expansion,' MGA Nexus Names Former Howden Chief CEO
Nexus Underwriting Management Ltd. has appointed Tim Coles, former chief executive officer of Howden Broking Group, as CEO. Colin Thompson, the current CEO and founder of the ...
Source: BestWire   Date: September 4, 2015
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UK Specialty Insurer Brit Agrees to Be Acquired by Canada's Fairfax
Fairfax subsidiary FFHL Group Ltd. The deal will require approval from Lloyd's, the U.K. Prudential Regulation Authority and the Gibraltar Financial Services Commission. Brit's ...
Source: BestWire   Date: February 17, 2015
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Novae Cites Specialty Commercial Lines for GPW Increase
Matthew Fosh in a statement. "This focus, in addition to another quiet period for catastrophe events, leaves the business in a strong position for the final quarter and going into ...
Source: BestWire   Date: November 12, 2014
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