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.