Canopius
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The Bermudian platform sources casualty reinsurance deals for hedge funds.
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The transaction makes Canopius a top-five insurer in the Lloyd’s marketplace.
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The business will be ready to underwrite in time for the June renewal season, Canopius said.
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The deal could boost its Lloyd’s capacity by 50 percent.
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Silva left his position as senior underwriter at Scor back in June this year.
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A change of ownership is envisaged comfortably before year-end, it is understood.
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