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

Firms win key roles as Sompo Holdings sells Canopius to private equity

Freshfields Bruckhaus Deringer and Mishcon de Reya are advising as Japanese insurer Sompo Holdings agrees to sell its British unit Sompo Canopius for $952m (£735m).

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.

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