Reinsurance News
Canopius
Canopius Group CUO Mike Duffy to retire
11th May 2022
Canopius Group has said that Mike Duffy, its chief underwriting officer, will retire in a year’s time. Duffy will remain at Canopius for the next 12 months to oversee an orderly transition to his successor – to be announced in due course – and will leave in May 2023. Neil Robertson, group ... Read the full article
Canopius names Claire Wallace Head of Marine Treaty
27th April 2022
Global specialty insurer and reinsurer Canopius Group has announced the appointment of Claire Wallace to Head of Marine Treaty, effective immediately. Based in London and reporting to Canopius’s Head of Specialty Reinsurance, Chris Gray, within her new role Wallace will be responsible for leading a team of global underwriters writing marine ... Read the full article
Canopius names Jennie Rimmer as Head of Tax
28th March 2022
Specialty re/insurer Canopius Group has appointed Jennie Rimmer as Head of Tax, where she will report to Chief Financial Officer Gavin Phillips. Rimmer joins with over 25 years of experience in financial services. Jennie joins from her role as head of group tax at Randall & Quilter (R&Q). Prior to R&Q, she ... Read the full article
Canopius names Trevor Moss as Head of Investor Relations
18th January 2022
Global specialty insurer and reinsurer, Canopius Group, has hired Trevor Moss from Agency Partners as Head of Investor Relations, effective March 2022. In his new role, Moss will work with investors, analysts and banks to offer the firm an 'outside-in' perspective of its market, as part of the re/insurer's continued investigation ... Read the full article
Neil Robertson named Canopius Group CEO
5th January 2022
Specialty insurer and reinsurer Canopius Group has promoted Neil Robertson to Group Chief Executive Officer (CEO), effective immediately. Robertson joined Canopius last year from AXA XL as Deputy CEO, and has now been handed the Group CEO role. In this capacity, he will continue to report to Group Chairman, Michael Watson. As ... Read the full article
Canopius and RiverStone complete $780mn LPT
29th December 2021
Specialty re/insurer Canopius Group has completed a loss portfolio transfer (LPT) agreement with legacy and run-off specialist, RiverStone International. The arrangement covers discontinued lines of insurance business underwritten by Syndicates owned by Canopius. Under the agreement, RiverStone's Syndicate 3500 indemnifies the reinsurer against potential losses in respect of net liabilities valued at ... Read the full article
Canopius names Greg Alcazar as CFO of U.S. operations
22nd December 2021
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 ... Read the full article
Canopius Group names Lindsay Astor as Chief of Staff
1st December 2021
Global specialty re/insurer, Canopius Group has appointed Lindsay Astor to the newly-created role of Chief of Staff, and Head of Strategic Development. Astor joins Canopius from AXA XL, where she was most recently Head of Underwriting Management, UK & Lloyd’s, with responsibility for leading a team of business managers, and overseeing ... Read the full article
Canopius to use Samsung Fire & Marine’s A++ Admitted paper
16th November 2021
Specialty re/insurer Canopius Group and substantial minority shareholder Samsung Fire and Marine Insurance (SFMI) have reached an agreement to underwrite US admitted business on the latter’s A++ paper rated paper. This agreement marks the most significant business cooperation to date between the two parties as they seek to develop opportunities in ... Read the full article
Canopius announces appointment of WTW COO Kate Roy
15th October 2021
Specialty re/insurer Canopius has announced the appointment of Kate Roy as Chief Operating Officer, a role she will assume in early 2022. She reports to Neil Robertson, the firm’s deputy Chief Executive Officer. Roy joins from Willis Towers Watson, where since 2015 she has held the role of COO for Great Britain ... Read the full article
Canopius adds Richard Parker to co-lead expanded space division
7th October 2021
Global specialty re/insurer Canopius has appointed Richard Parker to serve as joint head of space alongside Chris Gibbs, and underwriting assistant Kelly Bromley. Both Gibbs and Bromley assumed their new roles in the US on October 1, making Canopius’ space team one of the largest in the market. Parker brings over 34 ... Read the full article
Canopius lines up Gavin Phillips as its next CFO
2nd September 2021
Global specialty re/insurer Canopius has appointed Gavin Phillips as its next Group Chief Financial Officer and has said he is due to begin the role in January 2022. Phillips' appointment follows current CFO Nigel Meyer's decision to step back from his role in March 2022 to concentrate on establishing a portfolio of ... Read the full article
Canopius partners with Cyber Reliant on data protection warranty
11th June 2021
Specialty re/insurer Canopius Group has partnered with data privacy firm Cyber Reliant to offer data protection with coverage of up to $5 million. The warranty is designed to protect commercial and institutional purchasers of Cyber Reliant's data protection products. The Cyber Reliant platform is certified by US Federal Testing Labratories and promises ... Read the full article
Canopius launches Vave platform as an MGA
7th June 2021
Specialty re/insurer Canopius Group has announced the launch of its algorithmic underwriting platform, Vave, as an MGA. Developed in-house, Vave began trading in May 2019, and has since quoted on over 1.2 million risks, representing $2.2 billion of premium. Vave MGA is forecast to exceed $100 million premium by the end of ... Read the full article
Canopius Group hires Nick Whitear as war risks underwriter
4th May 2021
Specialty re/insurer Canopius Group has appointed Nick Whitear as war risks underwriter. Whitear will be part of the global marine team based in London, headed up by the joint heads of marine, Charles Fernandez and Paul Hackett. He brings over 30 years of industry experience, holding roles in a variety of commercial ... Read the full article
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