UPDATE 1-Axis raises bid for insurer Novae after shareholder dissent

Aug 25 (Reuters) - Axis Capital, a Bermuda-based speciality insurer and reinsurer, has raised its takeover offer for Lloyd's of London insurer Novae to about 477.6 million pounds ($611.38 million) after a shareholder revolt.

from Reuters: New Issues News http://ift.tt/2wmCPqX