Canopius Group today announces it has completed the merger of AmTrust at Lloyd’s. The merger provides Canopius with significant additional underwriting expertise and a broader product offering, creating a leading Lloyd’s insurer of increased scale and enhanced relevance to its clients and brokers.
Canopius Chairman Michael Watson said: “I am delighted to announce the completion of this very important development for Canopius, which is transformational in our determination to build a leading Lloyd’s franchise. The key to our success lies in the quality of our people and I welcome our talented new colleagues from AmTrust at Lloyd’s. Together we will strengthen the product and service proposition we offer our highly-valued clients and distribution partners. I look forward with great optimism to this exciting next stage in the development of Canopius.”
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For further information please contact:
David Haggie / Richard Adams, Haggie Partners: +44 20 7562 4444
Canopius is a global speciality (re)insurer with underwriting operations in Australia, Bermuda, China, Ireland, Netherlands, Singapore, the UK and US. We are privately owned and are proud to offer an independent view of risk – our expert people ask the difficult questions so that our clients get exactly the solutions they need.
• Lloyd’s: Syndicates 4444 and 1861, managed by Canopius Managing Agents Limited
• US: surplus lines insurance company, Canopius US Insurance, Inc.
Financial strength ratings
• Syndicates 4444 and 1861 share the Lloyd’s ratings of A+ (strong), Standard & Poor’s; AA– (Very Strong), Fitch; A (Excellent), A.M. Best
• Canopius US Insurance, Inc.: A– (Excellent), A.M. Best