• Bloomberg, Kyodo

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Sompo Japan Insurance Inc., a unit of the nation’s third-largest casualty insurer group by market value, is considering buying Britain’s Canopius Group Ltd. as it continues an overseas expansion.

Sompo Japan plans to acquire Canopius for about ¥100 billion, sources said Sunday. They said Sompo and Canopius are expected to reach an agreement on the deal as early as this week. Sompo plans to buy all Canopius shares by the end of next year.

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