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Canopius wraps up Lloyd’s merger with AmTrust

3rd October 2019 - Author: Charlie Wood

Global specialty re/insurer Canopius Group has completed its previously-announced merger with AmTrust’s Lloyd’s operations.

mergers and acquisitionsThe merger between Canopius Lloyd’s Syndicate 4444 and AmTrust Syndicate 1861 was first announced back in April and will result in the establishment of a top-five Lloyd’s insurer with combined premiums of roughly £2.2 billion.

It is believed that, now the deal has been finalised, AmTrust Financial Services will become a significant minority shareholder in Canopius.

“I am delighted to announce the completion of this very important development for Canopius, which is transformational in our determination to build a leading Lloyd’s franchise,” said Canopius Chairman Michael Watson.

“The key to our success lies in the quality of our people and I welcome our talented new colleagues from AmTrust at Lloyd’s.

“Together we will strengthen the product and service proposition we offer our highly-valued clients and distribution partners. I look forward with great optimism to this exciting next stage in the development of Canopius.”

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