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19 April 2018

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Sompo Canopius exploring management buyout

Adam McNestrie 16 February 2017

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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