Acquisition expected to go through a month later than planned
The sale of Omega Insurance Holdings to Canopius is expected to be completed by the end of August, a month later than originally planned, according to a report on MoneyAM.
Omega said it had made significant progress in satisfying the regulatory conditions and requisite approvals.
Canopius will settle the payment for the Lloyd’s insurer within 10 days of the acquisition having made a formal offer of 67p per share or almost £164m in April.
Two thirds of Omega shareholders approved the deal in a vote last month.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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