Hashtag: #Canopius

Canopius Merger With Tower Completed

Tower Group, Inc. today [Mar. 13] announced the closing of its merger with Canopius Holdings Bermuda Limited which will become effective this evening following the close of trading on The NASDAQ Global Select Market. Upon closing of the merger, Tower will become an indirect wholly-owned subsidiary of Canopius Bermuda, which will change its name effective... Read more of this article

Canopius Tumbles To First Ever Loss

Privately-owned Lloyd’s insurer and reinsurer Canopius — which operates in Bermuda, Singapore, Ireland and Switzerland — yesterday [Mar. 15] announced its first ever loss of £64 million before tax [2010: profit of £40 million], with catastrophes adding 24 points to its combined ratio bringing it to 111%. Gross written premiums were... Read more of this article

Omega: ‘This Has Been A Difficult Year’

Bermuda-based Omega Insurance Holdings today [Mar.6] reported a $94.7 million loss before tax for 2011, more than double the $42.9 million it lost in the previous year. The international insurance and reinsurance group also saw a 14.5% reduction in gross written premiums in 2011 to $304.6 million [2010: $356.1 million] and a deterioration in its combined... Read more of this article

Canopius Appoints New CEO

Canopius Group Ltd., the Lloyd’s of London insurer owned by Bregal Capital LLP, today [Dec.15] named Inga Beale [pictured] to be its chief executive officer from next month. She will replace current chairman and CEO Michael Watson, who becomes executive chairman. Canopius — which does business in Bermuda but which launched a major Swiss operation... Read more of this article

Executive Questions Bermuda’s Future

While a recent report A.M. Best report gave a “cautiously optimistic” appraisal on the state of the Bermuda re/insurance market, there may be deeper concerns on the horizon for the island a leading industry executive has said. In an interview with the “Insurance Journal”, Chief Executive of Bermuda’s Torus International... Read more of this article