The Sompo Canopius management team, led by Michael Watson, is
actively engaged in discussions around a buyout of the $1bn+
premium Lloyd's business, The Insurance
Insider can reveal.
It is understood that parent company Sompo is potentially open to agreeing such a transaction following its $6.3bn acquisition of Endurance, although the Japanese insurer's willingness to proceed with a deal is far from assured at this stage.
Work on the management buyout (MBO) is in its relatively early stages, with Watson...
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