Canopius Makes Takeover Bid For Omega

Lloyd’s of London insurer, Omega Insurance, has been approached by Canopius, a larger private equity-backed rival, for a takeover, Financial Times reports. The terms of a possible deal have not been disclosed.

The potential offer may comprise of cash and unquoted shares. Bermuda-based Omega has consulted with its largest shareholder, InvescoPerpetual, to gain support for the approach.

Click here for the story from Financial Times.

Click here for the additional coverage from Reuters.