Insight and Intelligence on the London & International Insurance Markets

19 March 2018

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Canopius reduces cat exposure as version 3.0 begins

Charlie Thomas 12 March 2018

Reduced catastrophe exposure, targeted underwriting and an improving investment environment will help the new-look Canopius reward its financial backers, according to chairman Michael Watson.

Speaking to this publication following the close of its Centerbridge and consortium partners-backed $952mn management buyout from Sompo on Friday (9 March), Watson explained that while Canopius' reinsurance buying remained unchanged, it had adjusted its risk appetite as a consequence of the deal.

"Previously, to some extent, we were a vehicle for Sompo to take increased...

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