Global specialty re/insurer Canopius Group has appointed Andrew Parker as Head of Treaty, Australia & New Zealand and Head of Casualty Treaty, Asia Pacific and Paul Wedlock as Head of Property Treaty, Australia & New Zealand, effective immediately.
Based in Sydney, Canopius states that Parker and Wedlock will lead the expansion of its local reinsurance offering. The pair will also be joined by Peter Mattei, who will assume the role of Casualty Treaty Underwriter, and Liza Aparicio, who has been named Office Manager.
Parker joins after eight years at Aspen Re in Sydney, where he was most recently Head of Australia and New Zealand.
He is credited for developing Aspen Re’s P&C operations in Australia, doubling its premiums since 2015. Collectively, he holds over three decades of industry experience.
Meanwhile, Wedlock also joins from Aspen Re, where he served as Head of Property, Australia and New Zealand, responsible for the growth and development of the regional treaty portfolio.
Wedlock brings more than twelve years of experience in pricing across a breadth of reinsurance classes in the USA, Australia and New Zealand. All told, he also holds over three decades of experience.
Canopius has hired six new team members in Australia since February this year, naming the country as a “key strategic hub for continued growth across APAC.”
The firm suggests that the additions of Andrew, Paul, Peter and Liza, reflect its commitment to the specialty reinsurance market in Australia.
Natt Wattanaumphaipong, Deputy CUO and Head of Reinsurance APAC at Canopius, commented, “Andrew, Paul and the team bring deep expertise to Canopius. Their proven track record in managing complex reinsurance portfolios has earned them their highly respected reputations in the market.
“I am pleased to welcome all four to the business and look forward to working with them as we pursue ambitious plans for profitable growth.”
Parker, Head of Treaty ANZ and Head of Casualty Treaty APAC at Canopius, added, “Canopius has rapidly established itself as a leader in the Australian P&C market. The offering is second to none and the growth ambitions, underpinned by exceptionally talented underwriters, made this an easy decision.
“We are relishing the prospect of supporting the momentum and look forward to working with Natt and the rest of the team in Sydney, Melbourne and across Asia Pacific.”
