21 November 2017

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Axis/Novae deal will create specialty powerhouse

7 July 2017

Axis Capital's $604mn proposed acquisition of Lloyd's listed player Novae will see the merged entity firmly shift towards specialty (re)insurance lines, with its commitment to direct and facultative (D&F) considerably strengthened - alongside its reinsurance purchasing leverage.

On the negative side for those wearing a third party cedant hat, however, there can be little doubt that the deal will give the new player the ability to increase writing and retentions of attractive business due to a significantly larger capital base...


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