Reinsurance News
Canopius
AM Best revises outlooks to positive for Canopius US and Canopius Re
2nd April 2026
AM Best has revised the outlooks to positive from stable for Canopius US Insurance, Inc. and Bermuda-based Canopius Reinsurance Limited. At the same time, the rating agency also affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of both entities. Both Canopius US and ... Read the full article
Canopius delivers strong premium growth in 2025 as profit hits $467m
10th March 2026
Canopius Group, an international specialty and property and casualty (P&C) re/insurance company, had a strong 2025 with profit after tax of $467 million, an increase of 16% on the prior year, as insurance contract written premium (ICWP) rose by 27% year-on-year to $4.5 billion. For Canopius, ICWP has now almost doubled ... Read the full article
Canopius and Globex Underwriting Services partner to expand global marine coverage
23rd February 2026
Canopius, a global specialty and P&C re/insurer, has announced that Canopius US Marine and Globex Underwriting Services have entered into a partnership to provide placement of local marine policies worldwide. Globex Underwriting Services, a division of Globex International Group, is an independent service provider supporting insurance carriers with their international needs. Through ... Read the full article
Canopius expands Natural Resources team with Nicholas Whettem & Namrata Soni
17th February 2026
Canopius Group, a global specialty and P&C re/insurer, has announced the additions of Nicholas Whettem and Namrata Soni to its newly created Natural Resources team. The re/insurer recently restructured its underwriting capabilities with the formation of a consolidated Natural Resources team, which integrates energy (upstream, midstream, and downstream), heavy industry, ... Read the full article
Canopius launches consolidated Natural Resources team
9th February 2026
International specialty P&C re/insurer Canopius, has announced a strategic restructuring of its underwriting capabilities with the formation of a consolidated Natural Resources team. This move is a response to a rapidly shifting market landscape, where the boundaries between energy, heavy industry, and construction are increasingly fluid. The new Natural Resources team integrates ... Read the full article
Canopius appoints Adrian Phipps as Chief People Officer
5th February 2026
Canopius Group, a global specialty and property & casualty re/insurer, has announced the appointment of Adrian Phipps as Chief People Officer, effective June 2026. Phipps will succeed Chief Human Resources Officer Barbara Turner, who will retire later this year following more than a decade with the organisation. In his new role, Phipps ... Read the full article
Canopius names Victoria Baxter as Head of Property Treaty
22nd January 2026
Canopius, an international specialty and property and casualty re/insurer, has announced the appointment of Victoria Baxter as Head of Property Treaty in London, effective immediately. In this role, Baxter will be responsible for leading the London-based Property Treaty portfolio, working closely with Canopius’ teams in Bermuda and across the APAC region ... Read the full article
Acrisure to acquire underwriting MGA Vave from Canopius
10th December 2025
Acrisure has agreed to acquire Vave, a tech-first underwriting Managing General Agent, from international specialty and P&C re/insurer Canopius Group. Vave, which uses data-driven, precision underwriting to deliver instantly bindable quotes on U.S. catastrophe-exposed E&S property risks, with real-time binding and servicing via API, will continue operating under its own brand. Its ... Read the full article
Canopius appoints John Tiesi as US Head of Financial Lines
31st October 2025
Canopius Group, a global specialty and property & casualty re/insurer, has announced the appointment of John Tiesi as US Head of Financial Lines, effective October 29th 2025. In this role, Tiesi will lead the Financial Lines portfolio across Canopius’ US operations. He will be responsible for shaping underwriting strategy, expanding product ... Read the full article
Canopius Group adds Michelle Rudd and Vanessa Hall to APAC team
29th October 2025
Canopius Group, a global specialty and property & casualty re/insurer, has announced the appointments of Michelle Rudd as Chief Operating Officer, APAC, and Vanessa Hall as Casualty Underwriter. Both based in Sydney, these hires reinforce Canopius’ commitment to strengthening its operational and underwriting capabilities across the Asia Pacific region. In her new ... Read the full article
Canopius names Lisa Leftwich US Regional Head of Strategy and Transformation
28th October 2025
Canopius Group, a global specialty and P&C re/insurer, has announced the appointment of Lisa Leftwich as US Regional Head of Strategy and Transformation. In her new role, Leftwich will leverage her over 20 years of experience in corporate strategy, communications, and sustainability, to lead strategic initiatives across Canopius’ US operations, focusing ... Read the full article
Gallagher launches InsurX powered smart follow cross-class facility for LatAm facultative reinsurance
17th October 2025
Gallagher, the global insurance and reinsurance broking group, has launched a new smart follow cross-class tracker facility called Galaxy, powered by InsurX and backed by Canopius, Munich Re, and others, it has been developed to connect facultative capacity from the London market with clients in Latin America. Galaxy ... Read the full article
Canopius appoints Norm Kimber as Credit & Political Risk Underwriter
25th September 2025
Canopius Group, a global specialty and Property & Casualty re/insurer, has announced the appointment of Norm Kimber as Credit & Political Risk Underwriter, effective in the first quarter of 2026. In his new role, Kimber will help strengthen Canopius’ Credit & Political Risk team and build deeper relationships with export credit ... Read the full article
Canopius to leverage Kalepa’s AI-powered workbench to accelerate growth & innovation
15th September 2025
Global specialty re/insurer Canopius has partnered with Kalepa for its AI-powered underwriting workbench to accelerate growth and innovation across its lines of business in the US. The collaboration will see Canopius implement Kalepa’s underwriting workbench, which leverages artificial intelligence to streamline underwriting workflows, eliminates manual inefficiencies, and uncovers insights for risk ... Read the full article
Canopius net insurance revenue up 42% in H1’25
7th August 2025
International specialty and P&C re/insurer Canopius has announced its financial results for the first half of 2025, reporting a net insurance revenue increase of 42%, to $1.39 billion from $0.98 billion in H1 2024, and a net combined ratio (discounted) of 84.0%. The firm’s insurance contract written premium figure in H1 ... Read the full article
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