Insight and Intelligence on the London & International Insurance Markets

19 March 2018

Search archive

Canopius completes $952mn Sompo buyout

Bernard Goyder 9 March 2018

Canopius has completed its private equity-backed $952mn buyout from Japan's Sompo Holdings.

The London carrier said the deal, which was struck in September, has now passed all regulatory hurdles.

The buyout puts Canopius in the hands of Centerbridge's Fortuna Holdings Limited, a Jersey-based holding company. Gallatin Point Capital and Canopius management are the other shareholders.

Canopius was formed in 2003 and wrote more than $1.5bn of premium in 2017.

The sale by Sompo marks the Japanese carrier's first significant disposal...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.