Specialty re/insurer, Canopius Group, has announced the appointment of Mark Newman as Chief Executive Officer (CEO) for the UK, with interim UK CEO Kate Roy to step down from the position on December 31st, 2023, and retain her role as Group Chief Operating Officer (COO).
Newman is to take up his new role from January 1st, 2024, transitioning from his current role as CEO for the Asia Pacific region (APAC).
In addition to his new role, Newman will also join the Board of Directors of Canopius Managing Agents (CMA), subsequent to approval by the UK’s Prudential Regulation Authority.
As Canopius is now actively shortlisting both internal and external candidates to succeed Newman in the role of APAC CEO, he will continue to support the region in the interim and beyond, to ensure a smooth continuation of leadership.
Neil Robertson, Canopius Group CEO, said: “We are thrilled that Mark will be taking over the leadership of our UK business. He has led the successful evolution of our APAC operations, exceeding the five-year growth plan for our Singapore and Australia businesses.
“He has proven himself to be the right candidate to take on the role of UK CEO, and I’m confident that he will build on his strong track record and assist our UK teams execute their growth plans.
Newman has been with Canopius for seven years, having joined the company as APAC CEO in 2016 and joining the Global Leadership Team in 2021.
He has also been a Canopius Asia Pte. Ltd (CAPL) Board Member and Monetary Authority of Singapore (MAS) approved Principal Officer since 2016.
During his time as head of Canopius APAC, the unit increased revenue five-fold, and the business has exceeded all key performance indicators in its strategic plan, cementing its position as the largest Lloyd’s Managing Agent in the region, Canopius stated
Before this, Newman held a series of leadership positions over his three-decade career, with 20 of those years at chief executive level. He took on the role of CEO Guy Carpenter Fac Asia Pacific in 2000, before moving to the formerly known Catlin as CEO APAC in 2008. He later became Head of Asia and Deputy CEO Asia at XL Catlin between 2015 and 2016, based in Singapore.
Additionally, Newman is an Elected Member and Group Chair of the Asia Pacific Market Group (APMG), a position he has held since 2019. He has also been re-elected to serve the interests of Lloyd’s managing agents in the region in 2022, for his second three-year term.
“For me, it’s always all about the people – I have been privileged to be part of an excellent APAC team, and one that I’m also very proud of – it’s that collective success that has qualified me for this new and exciting role. I look forward to working with all our UK colleagues too, in striving to take Canopius to the next level,” Newman commented.
