Lloyd's (re)insurer Canopius has laid down the gauntlet to Omega's other suitors with a fresh all-cash offer, as evidence of renewed life in the M&A process continues to proliferate, The Insurance Insider can reveal.
Canopius is squaring off for its troubled rival against run-off acquirer Catalina and Lloyd's business Argenta, as well as an unnamed US private equity firm.
According to sources, Canopius tabled a cash offer for 100 percent of Omega this week, which is thought to value the...
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