Canopius, the newly established as independent Lloyd’s specialty insurance and reinsurance firm, has announced two senior hires this morning.
Nigel Meyer, the Chief Operating Officer of global specialty insurer and reinsurer Brit, is departing the role to take on the Chief Financial Officer position at Canopius.
Meyer joined Brit in 2011 and has held the role of COO since 2013. He joins Canopius later this year.
During his career Meyer spent a number of years at insurer RSA as Deputy Finance Director, before which he worked as Financial Performance Director at Aviva plc. Prior to that he worked for a range of companies including Intel, Airbus and consultancy Arthur Andersen.
Laurie Davison joins Canopius as group chief operating from her most recent role as chief operating officer at Exari Group, Inc.
Davison joins Canopius in April, following a career of 20 years in the technology and insurance sectors, with roles at Exari, Adsensa, Faraday and Xchanging.
Meyer and Davison join Canopius just after the completion of its transition to a standalone business under the watch of Chairman, Michael Watson and Group Chief Underwriting Officer (CUO), Mike Duffy.
Michael Watson, chairman, commented on the appointments, “In a week full of good news for Canopius, I am delighted to announce these two new members of our senior team. Laurie understands our industry very well, bringing with her substantial experience on both the customer and insurer sides as well as deep technology expertise. Nigel’s experience across Lloyd’s and general insurance, his ability to manage a variety of stakeholders and regulators, and understanding of private equity ownership will be a great asset to Canopius. Together they bring excellent strength and breadth to our team.”
Laurie Davison said, “It is an exciting time to be joining Canopius. I am impressed by the ambition and strategy of the group and I look forward to being part of the leadership team that moves the business forward, pulling together the different operational strands and ensuring we provide the best service possible to our brokers and clients.”
Nigel Meyer added, “With Canopius moving into a new era of private ownership and against the market trend of consolidation, it has an extraordinary opportunity to build on its position as a top ten Lloyd’s insurer. I am looking forward to being part of that growth.”
Canopius is a top-ten Lloyd’s of London insurer and in 2017 underwrote premium income of more than $1.5 billion.
Matthew Wilson, CEO, Brit, commented on Meyer’s departure, “Since joining Brit, Nigel has made a significant contribution to the Group, playing a key role in a number of major strategic milestones. We have an exceptionally strong management team and significant bench strength within operations. We now have an opportunity to further strengthen the operations team and Brit’s Executive Committee to continue to build on our success.
“We wish to publicly thank Nigel and wish him the best in his new role.”
