Accordingly, the Acquisition is subject to the disclosure requirements and practices applicable in Bermuda to amalgamations, which differ from the disclosure requirements of United States tender offer and proxy solicitation rules.
Omega Share Schemes Appropriate proposals will be made to participants under the Omega Share Schemes where the relevant options are eligible and likely to be exercised in accordance with the rules of the relevant scheme.
The remainder of the shares in Canopius are owned by Canopius employees. If the Acquisition is implemented by way of a Takeover Offer unless otherwise determined by Canopius and permitted by applicable law and regulationsuch offer may not be made directly or indirectly, in or into, or by the use of mails or any means or instrumentality including, but not limited to, facsimile, e-mail or other electronic transmission, telex or telephone of interstate or foreign commerce of, or of any facility of a national, state or other securities exchange of any Restricted Jurisdiction and the offer may not be capable of acceptable by any such use, means, instrumentality or facilities.
By their nature, the forward-looking statements involve risks, changes in circumstances and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements.
Iron-Starr currently underwrites on behalf of Ironshore Insurance Ltd. Conditions The Acquisition will be subject to the Conditions, including the approval of the Amalgamation Agreement by Omega Shareholders at the Special General Meeting, and approval by relevant regulatory authorities of the change of control contemplated by the Acquisition, and also any regulatory clearances required for Tower Group or Bregal Fund as a result of their new investments in Canopius.
The Conditions that relate to Bregal Fund and Tower Group are neither within the control nor capable of waiver by Canopius.
Wright has over 16 years of experience in the insurance industry. Notice to US holders of Common Shares The Acquisition relates to the shares of a Bermudian company and is being made by means of an amalgamation provided for under Bermudian company law.
The Conditions set out in Appendix 1 must be satisfied or waived, as applicable, for the Acquisition to become Effective. As at 31 December85 per cent. Any decision in respect of, or other response to, the Acquisition should be made only on the basis of the information in the Circular.
The Acquisition will be made on the terms and subject to the Conditions set out in Appendix 1 and to be set out in the Circular. Under the terms of the Amalgamation Agreement, at the Effective Time, each Common Share other than any Common Shares held by Canopius, Omega or Canopius SPV or any of their respective subsidiaries will be converted into the right to receive the cash consideration referred to in paragraph 2 above and each issued share in the capital of Canopius SPV will be converted into one validly issued and fully paid share in the Amalgamated Company.
As at close of business on 24 Aprilbeing the latest practicable date prior to the date of this announcement, Aon Benfield Securities had no disclosable interests in Omega Securities or any short position whether conditional or absolute and whether in the money or otherwise including any short position under a derivative or arrangement in relation to Omega Securities.
Further information on Canopius is available on its website at www.
He began his insurance career at the Travelers in Hartford, Connecticut. Appendix 1 to this announcement contains the terms of and conditions to the Acquisition. The Omega Directors all of whose names will be set out in the Circular accept responsibility for the information contained in this announcement relating to the Omega Group and themselves and their immediate families, related trusts and Connected Persons.
Any Omega Shareholder who exercises such appraisal rights will, if the Amalgamation is effected, be bound by the Amalgamation and their Common Shares will be cancelled.
Canopius believes that the Acquisition represents a logical step in continuing to implement its strategy of building a global insurance group of enhanced scale capable of accessing international markets and delivering a wide array of insurance solutions to its clients. The Amalgamation will only become effective upon submission to the Registrar of Companies in Bermuda of an application for registration of the Amalgamated Company and the issue by the Registrar of Companies in Bermuda of a certificate of amalgamation.Canopius US Insurance, Inc.
is in the Insurance Agents, Brokers, and Service business.
View competitors, revenue, employees, website and phone number. Canopius announced in September that it would expand its U.S. operations, initially with the launch of the Canopius Underwriting Agency, in order to give it a broader U.S.
footprint and product range. Source: Canopius Group Ltd. Print Email. Canopius Group Ltd., a global specialty reinsurance company based in the U.K., will expand its U.S. operations nearly a year after getting snatched up by a Japanese casualty insurance giant. Canopius said it plans to launch Canopius Underwriting Agency, Inc.
CUAI will be based in New York, and. Complete List of AIMU Courses. Canopius Underwriting Agency, Inc. Brian Sales, AVP Marine Claims, CNA John Walker, Managing Director/Marine, Braemar. Continuing Education Credits: NAMS: 12 Credits SAMS: 12 Credits.
State Insurance Departments: 12 credits in NY, NJ, TX 10 credits in MA. Canopius Group Limited, the global specialty (re)insurance platform of Sompo Japan Nipponkoa Holdings Inc., said it is expanding its U.S.
presence with the launch of Canopius Underwriting Agency. Worth underwriting agency based in Cheltenham focused on exceptional service to brokers and individuals.
Our collective vision is to bring the traditional and innovative together. We Insurance Inc.” Sompo Canopius Re is .Download