Canopius completes AmTrust at Lloyd’s merger, boosting underwriting expertise

Canopius Group, a global specialty lines re/insurer, has completed the merger of AmTrust at Lloyd’s, a move which will significantly boost its scale.

Canopius said the merger provides it with significant additional underwriting expertise and a broader product offering, creating a leading Lloyd’s insurer of increased scale and enhanced relevance to its clients and brokers.

Canopius Chairman Michael Watson said: “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.

Canopius was formed via a management buyout in December 2003, with £25m equity capital. It is domiciled in Jersey and operates in Australia, Bermuda, Ireland, Netherlands, Singapore, the UK & US.

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