Canopius Group was created via an MBO of a Lloyd's business in December 2003. It started with £25m of shareholders' equity and now has total capital resources of £400m.

 
 

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 £400m by the end of 2009.

04. 83% owned by funds managed by private equity group Bregal Capital LLP (formerly Englefield Capital LLP); 17% owned by Canopius Group's management.

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

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

07. Group financial highlights 2009: Gross Written Premiums £592m; Pre-Tax Profits £55m; Investment Return 3.1%;
Return on Equity 21%

08. 427 staff employed at 1.7.2010 (following transfer of KGM staff).

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

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

11. Canopius Group underwrites 85% of Syndicate 4444's capacity and 59% of Syndicate 260's capacity for 2010.

12. Syndicate 4444 commenced 2004 with stamp capacity of £230m, growing to £550m for 2010 year of account.

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

14. Syndicate 4444's gross premiums written for 2010 projected to be c. £650 million (on GAAP basis).

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

16. In 2008 Standard and Poor's upgraded Syndicate 4444 to Lloyd's Syndicate Assessment of 3-/Stable.

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

18. Syndicate 260's stamp capacity for 2010 is £70m.

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.