Canopius Group was created via an MBO of a Lloyd's business in December 2003. It started with £25m of shareholders' equity and had total financial resources of over £365m at the end of 2011.

 
 

Key Facts

01. International insurance and reinsurance group, incorporated in Guernsey.

02. Group formed via MBO in December 2003, with £25m equity capital.

03. Group total capital resources increased to over £365m by the end of 2011.

04. 85% owned by funds managed by private equity group Bregal Capital LLP (formerly Englefield Capital LLP); 15% owned by Canopius Group's management.

05. Operations in UK/ Lloyd's, Bermuda, Singapore, Ireland, Switzerland and Australia.

06. Group strategic ownership interest in Arista Insurance Limited (55%) and Resource Underwriting Pacific Pty Ltd (75%).

07. Group financial highlights 2011: Gross Written Premiums £616m (2010: £564m); Post-Tax Loss to shareholders £61m (2010: profits of £43m); Investment Return 0.4% (2010: 2.8%); Return on Equity -22% (2010: 15%)

08. 427 staff employed at 18.01.2012.

09. Core underwriting through Syndicates 4444 and 260 managed by Canopius Managing Agents Limited.

10. Canopius Managing Agents is the 10th largest (and one of the largest privately-owned) managing agent at Lloyd's.

11. Canopius Group underwrites 68% of Syndicate 4444's capacity and just under 90% of Syndicate 260's capacity for 2012.

12. Syndicate 4444 commenced 2004 with stamp capacity of £230m. For 2012, its stamp capacity is £550m.

13. Syndicate 4444 underwrites a diversified portfolio of insurance and reinsurance business across over 100 countries worldwide.

14. Syndicate 4444 gross premiums written for 2012 are projected to be c. £610m (on GAAP basis).

15. Syndicates 4444 and 260 offer strong Lloyd's A+ /A security.

16. Syndicate 260 underwrites a specialist portfolio of UK motor business.

17. Syndicate 260's stamp capacity for 2012 is £70m.

18. Syndicate 260 gross premiums written for 2012 are projected to be c. £55m (on GAAP basis)

19. Canopius name derived from Nathaniel Canopius, a Cretan scholar studying at Oxford who is reputed to have
brewed the first cup of coffee in England in 1637.