Ashurst is advising Credit Suisse International and Fenchurch Advisory Partners LLP in relation to the £467.6 million recommended cash offer for Novae Group plc by AXIS Capital Holdings Limited, announced today. 

AXIS is a Bermuda-based provider of specialty lines insurance and reinsurance. AXIS is listed on the NYSE, has a market cap of c.$5.6 billion and operates through locations in the United States, Europe, Singapore, the Middle East, Canada and Latin America, with over 1,300 employees. Novae is headquartered in London and is listed on the London Stock Exchange. It is a diversified property and casualty (re)insurance business operating through Syndicate 2007 at Lloyd’s. Credit Suisse and Fenchurch are acting as financial advisers to AXIS in relation to the offer.

The Ashurst team is being led by corporate partner Karen Davies assisted by solicitor Jake Hadfield.