Securis-Axis joint venture to be disbanded

Axis has given notice on the Securis special purpose arrangement
(SPA) that was originally set up by the top-five insurance-linked
securities (ILS) fund manager and Novae in 2016, The
Insurance Insider has learned.
Sources told this publication that Securis will need to find
another managing agent to partner with if it wants to keep SPA 6129
going into 2019, as Axis' £467mn ($666.7mn) acquisition of
Novae continues to shake out.
The joint venture was one of the biggest forays from...