Lloyd’s insurer closes in on KGM acquisition as it looks to diversify book
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
Post revealed earlier this month that Lloyd's insurer KGM had been put up for sale by its Gibraltar-based parent company Perseverance.
Canopius recorded a gross written premium of £675m and posted a
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