Michael Watson 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 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 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 Makes Management Changes as Group CEO Davies Steps Down

Sompo Canopius AG announced that Stuart Davies is stepping down from his role as group CEO and all other related responsibilities, effective immediately. Davies joined Sompo Canopius in 2015 with a mandate to lead the group through a period of …

Lloyd’s Market Association Announces 2015 Board Election Results

The Lloyd’s Market Association (LMA) has announced six newly elected board members. They are: Andrew Brooks, CEO, Ascot Underwriting Stephen Eccles, active underwriter, Travelers Syndicate Management Richard Harries, CEO, Atrium Underwriters Andrew McMellin, chief executive – UK & Ireland, XL …