Canopius, a global specialty and P&C re/insurer, has announced that Canopius US Marine and Globex Underwriting Services have entered into a partnership to provide placement of local marine policies worldwide.
Globex Underwriting Services, a division of Globex International Group, is an independent service provider supporting insurance carriers with their international needs.
Through this partnership, Canopius extends admitted local coverage to over 200 countries and territories worldwide, supported by Globex Underwriting Services’ established global network, digital infrastructure, and international expertise.
With integrated support for compliance, tax requirements, claims handling, and premium collection, Canopius can quickly and confidently become a multinational marine coverage market.
Neetu Varghese, Head of Marine, US at Canopius, said, “We’re thrilled to partner with a well-established global leader in multinational admitted coverage. Globex’s long-standing experience across major lines of business, including marine, and its extensive global client base, further strengthen our ability to grow our portfolio and serve our clients’ multinational risks efficiently and reliably.”
Douglas B. Fay, President of Globex International Group, added, “Globex is excited to partner with Canopius, a leader in the global specialty lines space. For over 30 years Globex has been a leader in delivering best-in-class global placement services. Through a combination of our multinational experience, our proprietary platform, and a network of well-established local partners, Canopius will be able to deliver comprehensive and competitive global programmes. We look forward to working with Canopius to scale their programme offerings world-wide.”
