Canopius Group to sell Bermuda operation for $217m

Keyboard buy and sell keys

The group will receive $216.7m (£145.6m) from the sale of all 14,025,737 of its shares in Canopius Bermuda to a number of institutional investors.

The sale was agreed on 6 March, and is expected to occur in conjunction with the previously announced merger between Tower Group and Canopius Bermuda, subject to customary conditions.

For all the latest industry news direct to your inbox, sign up for our daily newsletter.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: