2017: October 2017, Novae Group plc (“Novae”) is acquired by AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS).
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity of USD 5.9 billion on 30 June 2017 and locations in Bermuda, the United States, Europe, Singapore, Middle East, Canada and Latin America. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A+” (“Superior”) by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com. Follow AXIS Capital on LinkedIn and Twitter.
2010: Novae Syndicates Limited, a Lloyd’s managing company, and Novae Insurance Company Limited, a UK insurance company authorised by the FSA, are combined to create a single Lloyd’s business.
2006: Novae Group plc is restructured and established as a holding company.
2003: The Novae Group’s underwriting strategy is re-focused with the arrival of a new management team.
1999: Merged with CLM Insurance Fund PLC.
1998: Merged with Syndicate Capital Trust PLC.
1997: Changed name to SVB Syndicates Limited.
1986: The Novae Group (formerly The SVB Group) is established with the formation of the Spreckley Villers Hunt and Co. Limited, a privately-owned Lloyd’s Managing Agency.