Insurance Post

Canopius in US tie-up for Omega buy

Canopius has said its takeover of Omega will be funded partly by issuing new shares representing a 30% increase in shareholders' equity and a deal with US insurer Tower Group.

Canopius has entered into a strategic partnership with Tower Group, a provider of niche commercial and personal lines property and casualty insurance products in the US.

Conditional on the Omega

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