Axis Capital to buy Lloyd's of London insurer Novae for $605 mln: Reuters

Lloyd's of London insurer Novae Group Plc said it had agreed to be taken over by Axis Capital Holdings Ltd, a Bermuda-based speciality insurer and reinsurer, for 467.6 million pounds ($605.07 million) in cash, sending its shares soaring over 20 percent, Reuters reported.

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