Omega has announced that its sale to Lloyd's peer Canopius will be finalised by the end of August, signalling a clearer closure date after a long, drawn-out M&A process.
It was initially expected that the acquisition would complete by the end of July, however The Insurance Insider understands that the takeover was awaiting final regulatory approval in Delaware.
Omega told shareholders this morning (27 July) that they would be updated as soon as the final acquisition date was confirmed.
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