December 20th, 2013

GC Securities* Acts as Sole Financial Advisor on the Second Largest Ever M&A Transaction in the Lloyd’s Market

Posted at 8:19 AM ET

GC Securities* is acting as sole financial advisor to the shareholders of Canopius Group Limited (”Canopius”) in the sale of Canopius to NKSJ Holdings, through its insurance subsidiary Sompo Japan Insurance Inc.

The sale agreement was signed on December 18, 2013 and the transaction is expected to close in the second quarter of 2014, subject to regulatory approval.  Upon closure this will be the second largest ever M&A transaction in the Lloyd’s market.

Commenting on the transaction, David Priebe, Vice Chairman of Guy Carpenter & Company, said: “We are delighted that the shareholders and management of Canopius had the confidence in GC Securities to appoint the firm as their sole financial advisor on such a large and prestigious transaction.”

Des Potter, Head of GC Securities (EMEA), added: “I am pleased that our new M&A team, led by Andy Beecroft, has had the opportunity to demonstrate its strong credentials on such a significant transaction during their first year at Guy Carpenter.  The commitment and skills required to advise on a landmark transaction of this nature are a validation of the team’s capabilities and the firm’s desire to become our clients’ trusted strategic advisor.”

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*Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/NFA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product. **GC Analytics is a registered mark with the U.S. Patent and Trademark Office.

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