Canopius picks up Equity books and Arista stake
Equity Insurance Group has sold its home and personal accident books and stake in Arista to Canopius.
The deal - for an undisclosed amount - comes just one day after Equity Red Star, part of Equity, unveiled the reorganisation of its motor division and a senior underwriting reshuffle.
The home and personal accident books of business, coupled with Arista's motor account, represent a gain of some £50m of annualised gross written premiums for Canopius.
Michael Watson, executive chairman, Canopius, said: "This series of transactions provides a substantial boost to our UK retail strategic business
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