Opinion: Novae's privacy

Novae has sold to Axis in a $604mn deal announced very late last
night.
There will be opportunities for fuller and more considered
reflection as the day goes on and we learn more.
But my immediate take is that Novae's position as a public
small-cap Lloyd's insurer was anomalous and unhelpful to the
firm.
Over the years Novae's peer group (Omega, Hardy, Chaucer,
Brit) have been taken out successively, with even much larger peers
Catlin and Amlin bowing out of...