Japanese insurer NKSJ agrees to buy PE-backed Canopius

Japanese insurer NKSJ said Wednesday that it has agreed to acquire Bregal Capital-backed Canopius for 594 million pounds. The transaction is expected to close in the second quarter of 2014. Macquarie Capital is advising NKSJ on the transaction while GC Securities is advising Bregal Capital Partners. Canopius is a Lloyd's international reinsurer.

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