Canopius News

Canopius Completes Acquisition of AmTrust at Lloyd’s

Canopius Group announced it has completed its acquisition of AmTrust at Lloyd’s. The merger provides Canopius with significant additional underwriting expertise and a broader product offering, creating a leading Lloyd’s insurer of increased scale and enhanced relevance to its clients …

Samsung Fire & Marine Insurance Takes Minority Stake in Canopius

Canopius AG announced it has entered into a strategic partnership with Samsung Fire & Marine Insurance (SFMI). Under the terms of the transaction, SFMI will become a significant minority investor in Canopius. The investment, which is subject to necessary regulatory …

Canopius Opens Office in Sydney, Australia

Canopius, the London-based global specialty re/insurer announced it is opening an office in Sydney, Australia, as part of its commitment to expand in the Asia-Pacific region. Subject to regulatory approval, the local entity will be open to underwrite business in …

Canopius Signs Agreement to Purchase AmTrust at Lloyd’s

Canopius AG announced it has signed a definitive sale and purchase agreement to purchase AmTrust at Lloyd’s, a division of AmTrust Financial, subject to regulatory approval. Upon completion, which is expected in Q3 2019, the deal will result in the …

Canopius Signs Partnership with Credit and Political Risk MGA, Anvil Underwriting

Canopius announced it has signed a partnership with Anvil Underwriting Ltd., a credit and political risk managing general agent (MGA). The agreement is effective from Sept. 3 and will allow Anvil to underwrite credit insurance, contract frustration and political risks …

Canopius Appoints Exari’s Davison as COO and Meyer from Brit as CFO

Canopius AG announced that Laurie Davison has been appointed group chief operating officer, while Nigel Meyer has been named group chief financial officer. With 20 years’ experience in technology and insurance, Davison was previously chief operating officer at software/technology company …

Centerbridge-Led Consortium Completes $952M Acquisition of Canopius from Sompo

The $952 million acquisition of Canopius from Sompo Holdings has been completed by a private equity consortium led by Centerbridge Partners, L.P., which includes private investment firm Gallatin Point Capital LLC. Having received all necessary regulatory consents, Canopius is once …

Japan’s Sompo Holdings to Sell Sompo Canopius for $952M to Centerbridge

Japan’s Sompo Holdings Inc. announced it has agreed to sell Lloyd’s re/insurer Sompo Canopius AG to a private equity consortium led by Centerbridge Partners for $952 million. On completion of the purchase, Canopius will become a standalone business led by …

Sompo Canopius Announces a Simplified Organizational Structure

Sompo Canopius AG has announced a number of changes to its organizational structure. The company is simplifying its underwriting management and structure to enhance cohesiveness and focus on profitability across the group. It is also making some changes to its …

Canopius Group Appoints Lobo as Head of Upstream Oil & Gas Engineering

Zurich-headquartered Canopius Group AG announced the appointment of Francis Lobo as head of Upstream Oil and Gas Engineering, effective immediately. Lobo will report to Steve Warren, Group Head of Energy & Engineering, and will be working with the company’s team …