trending Market Intelligence /marketintelligence/en/news-insights/trending/hejlMtt1U1jUvvZHHexNCA2 content esgSubNav
In This List

Japan's Sompo sells Canopius to Centerbridge

Blog

The Big Picture 2022 Insurance Industry Outlook

Podcast

Next in Tech | Episode 37: Insurance impacts on technology and vice versa

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Japan's Sompo sells Canopius to Centerbridge

Japan-based Sompo Holdings Inc. completed the sale of its 100% stake in Sompo Canopius AG to a private equity consortium led by Centerbridge Partners LP.

Sompo Holdings transferred all of its shares to a fund managed by Fortuna Holdings Ltd., an affiliate of Centerbridge Partners.

The deal, which was signed in September 2017 for $952.4 million, does not have a significant impact on Sompo's consolidated results, the company noted.