Canopius, the global specialty (re)insurer acquired by Sompo Japan Nipponkoa Insurance Inc., one of the top three Japanese insurers, a subsidiary of Sompo Japan Nipponkoa Holdings, Inc., which is listed on the Tokyo Stock Exchange (No. 8630), completed a major restructuring project to form an integrated global business unit to manage the assumed reinsurance business previously written separately by Canopius and Sompo Japan Nipponkoa Insurance Inc.
In the course of this restructuring, Canopius redomiciled the group holding company from Bermuda to Switzerland. In addition, the registered office of Canopius Reinsurance Limited was also transferred from Bermuda to Switzerland and the company renamed Sompo Japan Canopius Reinsurance AG.

On November 23, 2015, Sompo Japan Canopius Reinsurance AG, based in Zurich, was granted a license as a C1 reinsurer by the Swiss Financial Markets Supervisory Authority FINMA.
Sompo Japan Canopius Reinsurance AG has been assigned financial strength ratings of ‘A’ (excellent) from A.M. Best and ‘A+’ from Standard & Poor’s. It will begin writing business from January 1st, 2016, under the brand Sompo Canopius Re.

Canopius was advised as to Swiss law by Homburger. The Homburger team consisted of partner Hansjürg Appenzeller and associate Roland Lüthy (both Corporate | M&A and members of Homburger's insurance working group).