Novae deal takes Axis into nine new lines

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.
According to an investor presentation published by Axis earlier
today, the New York-listed carrier will become a $2bn player in the
London specialty market on completion of the deal, with $1.5bn of
that business within Lloyd's.
The transaction will also expand the firm's global specialty
presence, incre