Global specialty insurance and reinsurance firm Sompo Canopius AG has announced the hiring of Tim Watson from AmTrust to be a credit & political risk underwriter for the company, effective immediately.
Watson comes to Sompo Canopius from his most recent role as a political risk and credit underwriter at AmTrust at Lloyd’s.
In his new role he will underwrite a broad spectrum of credit and political risks, and will report to Global Head of Specialty and leader of the credit & political risk team Bernie de Haldevang.
Sompo Canopius said that the hire underlines the firm’s strategic intention to expand its underwriting in the credit & political risk and trade credit sector.
It sees the expansion as part of a targeted plan to achieve for broader diversification within the group’s specialty re/insurance lines, adding to its expertise in this space after it formed a new trade credit insurance team recently, led by Will Clark who the firm hired from AIG, that focuses primarily on excess of loss short term business.
de Haldevang explained; “We have a clear strategic plan to grow a number of our specialty lines, which Tim’s appointment and other recent hires clearly demonstrate. We will continue to bolster our underwriting significantly and adopt more prominent leading positions as we make further hires. We are pleased that Tim has joined the team, bringing both his underwriting and technical risk assessment skills to the role. I am also looking forward to making further announcements in the near future.”