Bermuda-based Omega Insurance Holdings has confirmed it has received a takeover approach from rival Lloyd’s insurer, Canopius Group, for 65 pence per share in cash, which is lower than its initial offer of 83 pence per share made last September.Canopius has operations here in Bermuda.Omega Insurance also confirmed that its issued share capital as at the close of business on April 2, 2012 consisted of 244,229,862 common shares of 10 cents each.The company said it will consult with its shareholders and a further announcement will be made when appropriate. “There can be no certainty that a formal offer from Canopius will be forthcoming on these or other terms,” Omega added.Omega took a huge hit to their bottom line in 2011, recording $85.6 million in catastrophe losses citing significant impact of natural disasters. The company added it had been a period of “frustrating” corporate activity. Omega rejected several suitors, including Lloyd’s rival Novae, Canopius and Bermuda-based Haverford, which wanted to buy a 25 percent stake in the company at 74 pence per share.In January the company also turned down an approach from Barbican.