Global specialty insurer and reinsurer Canopius has announced the appointment of Crispin Hodges as Head of Trade Political Risk, based in London.
Effective October 28th, 2019 Hodges will report to Bernie de Haldevang, Head of Credit, Political & Crisis at Canopius.
The firm states that Trade Political Risk is a newly created Profit & Loss unit which sits alongside the existing P&Ls within the Credit, Political & Crisis division of Excess of Loss Trade Credit, Credit & Political Risk, and Crisis Management. According to Canopius, it comprises the Syndicate 1861 political risk book that was formerly managed by AmTrust at Lloyd’s.
In his new role, Hodges will be responsible for running this unit independently within the Credit, Political & Crisis segment, both defending and developing the existing book in a standalone team.
He brings more than two decades of insurance industry experience to the role, and joins Canopius from Beazley, where he most recently served as international business producer.
Commenting on the appointment, Haldevang said: “Alongside Crispin’s specific experience in the contract frustration and political risk class and profitable underwriting track record, he has many contacts globally, having worked in London and Paris, and in regional hubs such as Singapore and Dubai. He is ideally suited to develop this part of our credit and political risk book.
“His hiring is indicative of our continued ability to attract top-tier industry talent as well as our enduring commitment to grow this part of our business and provide the broadest offering to our clients and brokers. I look forward to welcoming him to the team and to realising our strategic ambitions.”
Canopius expects to announce more hires within the segment shortly.