Canopius subject to a £600m takeover bid by Japanese insurer
Deal reportedly set to be completed during the coming week.
Lloyd's insurance group Canopius is reportedly subject to a $970m [£600m] takeover by Japanese general insurer Sompo Japan.
The business daily Nikkei stated that the two insurers would announce the deal in the coming week.
In a statement Canopius executive chairman Michael Watson said: "The attractions of Lloyd's as a platform for the transaction of global specialty insurance and reinsurance have rarely been more highly prized than they are currently.
"Against that background it is to be
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