Independent future now a possibility for Sompo Canopius

After looking set for a merger with Endurance following its
parent's agreed $6.3bn acquisition of the Bermudian
(re)insurer, Sompo Canopius may now continue as a standalone
entity.
Last week, this publication revealed the Lloyd's carrier
was in discussions with a small number of potential financial
backers to gather the funding for a management buyout (MBO),
led by chairman Michael Watson.
It is understood that
parent company Sompo may be open to agreeing such a transaction
following its $6.3bn