Reinsurance News

Canopius enters domestic US Excess Casualty market

19th September 2023 - Author: Saumya Jain

Specialty insurer and reinsurer Canopius Group has announced the expansion of its U.S. Casualty business with its entry into the domestic U.S. Excess Casualty market on Canopius U.S. Insurance Company paper.

canopius-logoThe re/insurer says that this move underscores its commitment to expanding its footprint in the U.S. insurance sector and enhancing its casualty capabilities.

As a key part of this expansion, Canopius has appointed Jude DiBattista as U.S. Head of Excess Casualty.

DiBattista brings more than three decades of casualty experience in the E&S market segment, along with a strong background in building profitable casualty portfolios. The appointment will help Canopius take advantage of the growth opportunity within the surplus lines market and further enhance its brand.

Laurie Banez, Head of Casualty, U.S. & Bermuda, commented: “The E&S Excess Casualty market has become one of the fastest-growing markets in the insurance industry and this rapid growth has provided an opportunity for Canopius to enter the market and offer a specialized solution for our customers. Under Jude’s leadership, we’ll deliver underwriting excellence and innovative risk-based solutions for our wholesale distribution partners.”

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Canopius’ entrance into the U.S. Excess Casualty market will be focused on commercial risks, with a specialized approach in niche verticals, such as construction, commercial real estate, hospitality, manufacturing, and technology.

DiBattista  said: “It’s an honor and a privilege to be part of the Canopius organization, and I am very excited about the opportunity to build this team and product offering from the ground-up. I am also thrilled with the company’s commitment to expand into the rapidly growing excess casualty surplus lines market.

“Our vision centers around providing comprehensive products tailored to diverse clients, competitive terms and conditions, and niche underwriting expertise our partners will value. The ultimate goal is to enhance our value proposition and make a significant impact within the market.”

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