Greg Alcazar has been appointed as the new Chief Financial Officer (CFO) of the U.S. operations of global specialty insurer and reinsurer Canopius Group, effective December 20th, 2021.
In his new role, Alcazar leads the U.S. Finance and Actuarial team at Canopius.
He brings more than 25 years of insurance leadership experience to the firm, most recently with Swiss Re subsidiary, Elipslife, where he served as the CFO and Senior Vice President.
Prior to Elipslife, he was at Kemper where he held numerous top leadership positions including as a Senior Executive in the Life Group as the Vice President Life and Health, Group CFO and overseeing finance and billing operations as Kemper Direct’s CFO, VP of Finance & Billing Operations.
Lisa Davis, Canopius USA President and Chief Underwriter, commented: “We are pleased to welcome Greg to our team. He joins at the perfect time as Canopius USA is ramping up with new hires, new capacity and a growing business.
“We are working hard to strengthen operations as we broaden our offerings, and Greg will be an important part of our leadership to ensure a stable and profitable business that will benefit all key stakeholders.”
Back in November, Canopius and Samsung Fire and Marine Insurance (SFMI) reached an agreement to underwrite US admitted business on the latter’s A++ paper rated paper.
The company states that this complements Canopius USA’s existing ability to write non-admitted business on Canopius US Insurance, Inc. A- paper, and through Canopius Lloyd’s Syndicate 4444.
“Canopius USA is on a path of significant growth having almost doubled its gross written premiums in both 2020 and 2021,” says the firm.
