Canopius completes Omega deal
Canopius Group has confirmed the completion of the acquisition of Omega Insurance Holdings.
The acquisition, which followed a recommended offer at 67p a share in April valuing the company at £163.9m, extends the global footprint of Canopius and increases its annualised premium income to more than £1bn.
Omega was a UK-listed, Bermuda-domiciled insurance and reinsurance group with operations at Lloyd's, via Syndicate 958, and in Bermuda, the US and Germany. Canopius confirmed that these platforms will be integrated into and under its own brand.
Michael Watson, executive chairman at
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