CANOPIUS COMPLETES AMTRUST AT LLOYD'S DEAL

Canopius Group has completed the merger of AmTrust at Lloyd’s. The deal, announced in April, provides Canopius with significant additional underwriting expertise and a broader product offering. It adds around £800m ($984.9m) in premiums to Canopius, creating a top-five Lloyd’s insurer with premiums of $2.2bn. Canopius chairman, Michael Watson, said the transaction was “transformational in our determination to build a leading Lloyd’s franchise”. As part of the transaction, AmTrust Financial Services will become a double-digit minority shareholder in Canopius.