Canopius finalises AmTrust at Lloyd’s merger
Provider says move will create a top-five insurer at Lloyd’s with combined premiums of about £1.8bn, but admits that a small number of people are at risk of redundancy as a result of the deal.
Canopius Group has completed the merger of AmTrust at Lloyd’s.
A spokesperson for Canopius told Insurance Age that a “small number of positions are at risk of redundancy” as a result of the merger.
The deal also brought around 200 new employees to the provider, bringing its total headcount in London to around 550.
AmTrust at Lloyd’s managing director, Sheldon Lacy and chief underwriting officer, Chris Jarvis, have both joined the senior team at Canopius.
The same spokesperson claimed the
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