Byrne squares off against Canopius in Omega tussle
Mark Byrne, the founder of Bermudian reinsurer Flagstone Re, and private equity-backed Lloyd's carrier Canopius lead a shortlist of buyers for Omega.
Last month, The Insurance Insider revealed that Byrne's vehicle Haverford has emerged as a credible bidder for the quoted Lloyd's insurer at the same time as other potential buyers have walked away from the business.
Although fellow Lime Street underwriter Barbican also
remains in talks with UK-listed Omega over a possible merger, it is
thought that shareholders would...
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