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23 May 2013

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Omega shareholders overwhelmingly support Canopius deal

11 June 2012

Omega's sale to Lloyd's peer Canopius is almost certain to go through after more than 90 percent of votes cast by Omega shareholders favoured the £164mn takeover.

Shareholders cast 168,598,181 votes for the deal, with only 18,158,445 shares recorded against, easily clearing the 75 percent majority required to rubber-stamp the takeover and making completion a near certainty.

Company founder and former underwriting chief John Robinson holds 18,089,286 Omega shares and The Insurance Insider understands that he elected to cast his...


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This article was published as part of issue June 2012/3

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