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Mishcon advise as Japan insurer agrees to sell British unit for $952m

Posted on 05 September 2017 by Joseph Evans. Source: Legal Week

Mishcon advise as Japan insurer agrees to sell British unit for $952m

Sompo, one of Japan's biggest property and casualty insurers, is selling the business to a private equity consortium led by Centerbridge Partners. It first bought Canopius, a specialist Lloyd's insurance market company with premium income of $1.6bn (£1.2bn), in 2014.

The deal is expected to close in the first quarter of 2018, subject to regulatory approval.

Mishcon is advising Sompo, with a team led by City corporate partner Jonathan Berman and City corporate legal director Laura Chandler.

Read the full article here.

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