A consortium, led by Centerbridge Partners and including Gallatin Point Capital, has acquired Canopius for $952 million from Japanese insurance group Sompo Japan Nipponkoa Insurance.
The deal was completed through Fidentia Fortuna Holdings, which is an entity wholly owned by the members of the consortium.
Canopius is an insurance and reinsurance company headquartered in Switzerland active in the Lloyd's insurance market.
The financial advisers to Sompo were Macquarie Capital and GS Securities, while Royal Bank of Canada advised Centerbridge.
Sompo acquired Canopius for around $1 billion in 2014 and took over Endurance Specialty earlier this year.