Reinsurance News
Canopius
Canopius’ net insurance revenue climbs 24% to $980m in H1
12th August 2024
Specialty and P&C re/insurer Canopius Group has revealed that its net insurance revenue for H1 2024 was $980 million, up 24% from the same period of 2023, while its net combined ratio (discounted) improved to 85.4%. Meanwhile, the firm's insurance contract written premium figure in H1 2024 was $1.84 billion, up ... Read the full article
London market clarifies marine cyber clause to address aggregation risk
19th June 2024
The Joint Excess Loss Committee of the Lloyd's Market Association (LMA), an organisation that represents the interests of the Lloyd's underwriting community, and the International Underwriting Association (IUA), which represents international and wholesale insurance and reinsurance companies operating in the London Market, hosted a well-attended session at Lloyd’s Old Library. They ... Read the full article
Mark Houghton joins Canopius as Global Product Leader, Specialty
18th June 2024
Canopius, a global specialty and P&C (re)insurer, has announced the appointment of Mark Houghton to the newly created role of Global Product Leader, Specialty. Starting in October, Houghton will oversee the governance, performance, and standards of Canopius’ specialty underwriting lines across the business. He will also drive product development and innovation while ... Read the full article
Canopius appoints Chris Getty as new cyber underwriter
18th June 2024
Canopius Group, a global specialty and property and casualty (re)insurer, has announced the immediate appointment of Chris Getty as Cyber and Technology Underwriter. Getty will enhance Canopius’ cyber and technology capabilities and will report directly to Mike Shen, Head of Cyber & Technology for the London Market. Shen added: “Chris is a ... Read the full article
Andy Haste appointed new Group Chairman of Canopius following record-breaking year
23rd May 2024
Specialty re/insurer Canopius has appointed Andy Haste as its new Group Chairman, effective July 1, 2024, bringing extensive executive and non-executive experience to the role. He will chair the Group Board as Canopius aims to achieve its future goals following its record-breaking results in 2023. Haste has had a notable ... Read the full article
Canopius Re hires DeCouto & Morgan as CUO & CFO in Bermuda
1st May 2024
Global specialty lines re/insurer Canopius has bolstered its senior leadership team in Bermuda by hiring Jesse DeCouto as Chief Underwriting Officer (CUO) and Tonia Morgan as Chief Financial Officer (CFO) of Canopius Reinsurance Limited (Canopius Re). According to the announcement, Morgan takes up her new role on July 1, succeeding Teresa ... Read the full article
Canopius bolsters cyber offering through partnership with Group-IB
15th April 2024
Global specialty re/insurer, Canopius Group, has entered into a partnership with Group-IB, a creator of cybersecurity technologies, which is set to strengthen Canopius’ cyber insurance offering with further advanced threat intelligence capabilities. With this being Group-IB’s first full-service partnership with a Lloyd’s of London syndicate, this collaboration between the two firms ... Read the full article
Canopius hires AIG’s Soon Keen Lee as CEO of APAC and MENA
4th April 2024
Global specialty and P&C insurer and reinsurer, Canopius Group, has hired Soon Keen Lee as Chief Executive Officer (CEO) of Asia Pacific (APAC) and Middle East & North Africa (MENA), reporting to Canopius Group CEO Neil Robertson. The appointment, which sees Lee join the Canopius Group Leadership Team, remains subject to ... Read the full article
AM Best amends Canopius subsidiaries outlooks to stable
8th February 2024
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Canopius US and Canopius Re, wholly owned subsidiaries of Canopius Group. According to AM Best, the ratings reflect Canopius’ balance sheet strength, ... Read the full article
Canopius strengthens medical professional liability division with Minetti’s addition
7th February 2024
Specialty re/insurer Canopius Group has announced the appointment of Valentina Minetti as Head of Medical Professional Liability (MPL), effective immediately. Minetti brings to her new role nearly 30 years of healthcare lines and actuarial experience, joining from Coverys Syndicate 1975 where she most recently served as Active Underwriter. Prior to this, ... Read the full article
Canopius Group strengthens Credit & Political Risk team with key appointments
30th January 2024
Canopius Group, a leading global specialty (re)insurer, has announced strategic appointments to bolster its Credit & Political Risk team in London and the Asia-Pacific (APAC) region. Angelos Deftereos joins as the Head of Structured Credit, bringing over two decades of experience to Canopius. His previous role as Managing Director – Structured Finance ... Read the full article
Canopius appoints new Heads of Distribution for U.S. and UK
9th January 2024
Specialty and P&C re/insurer Canopius Group has appointed Uwe Schoberth as Head of Distribution, U.S. and Bermuda, and Matthew Crane as Head of UK Distribution. The appointments are effective immediately, with Schoberth set to join the Canopius U.S. Executive Committee, and Crane to serve on the Canopius UK Executive Committee. Collectively, Schoberth ... Read the full article
Canopius grows cannabis insurance offerings in transportation and distribution
13th November 2023
Canopius Group, a global specialty lines re/insurer, has expanded its cannabis insurance product, now covering transportation of cannabis products from cultivation to distribution. The re/insurer started to underwrite cannabis-exposed risks in April 2023. This offering is for privately owned and not-for-profit organisations in US states where medical and recreational adult-use ... Read the full article
Canopius introduces Cannabis Cyber coverage to US portfolio
11th October 2023
Canopius Group has introduced a new Cannabis Cyber insurance solution, an offering that makes the re/insurer one of only a few providing tailored cyber coverage for cannabis enterprises across the supply chain. As cannabis companies rely heavily on connected IT systems they face unique cyber risks due to heavy regulation, cash-based ... Read the full article
Boost Insurance enters strategic partnership with Canopius US Insurance Holdings
3rd October 2023
Boost Insurance, a leading insurance infrastructure platform, has announced a strategic partnership with Canopius US Insurance Holdings, Inc., a subsidiary of the Canopius Group. This partnership aims to provide long-term risk capacity for insurance programs powered by Boost's digital MGA (Managing General Agent) platform. Boost's full-stack platform offers compliance, capital, and technology ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
