Reinsurance News
Canopius
Invesco named as alternatives partner for Canopius
23rd April 2021
Global asset manager Invesco has been named as an alternatives partner for specialist insurer and reinsurer, Canopius Group. Under the terms of the partnership, Invesco will provide Canopius with a customised solution of multi alternatives strategies, via its alternatives platform. Invesco's platform provides access to different alternatives, focusing on private debt strategies ... Read the full article
Canopius names AXA XL’s Neil Robertson as Deputy CEO
11th February 2021
Specialty insurer and reinsurer Canopius Group has announced the appointment of Neil Robertson as Deputy Group Chief Executive Officer (CEO), effective May 4th, 2021. In his new role, Robertson will report to Michael Watson, Group Chairman and CEO, who is expected to continue to serve as Chairman after a suitable transition ... Read the full article
Re/insurer Canopius exploring IPO at valuation of more than £2bn: reports
19th January 2021
Global specialty insurer and reinsurer, Canopius Group, is reportedly in discussions about a potential public offering that could value the Lloyd's of London player at over £2 billion (USD 2.7bn), according to Sky News. Previously known as Sompo Canopius AG, the specialist re/insurer was acquired in 2017 by a consortium ... Read the full article
Canopius Re secures class 4 reinsurer licence from BMA
13th January 2021
Canopius' Bermuda-based reinsurance company Canopius Re has secured a Class 4 Reinsurer licence from the Bermuda Monetary Authority. This reclassification makes it possible to significantly extend Canopius Re’s scope, enabling it to increase gross written premiums and write more third-party risks. Canopius Re is set to undergo a reorientation towards an initial ... Read the full article
Canopius partners with Akur8 to enhance pricing process
3rd December 2020
Global specialty insurer and reinsurer, Canopius, has entered into a new partnership with InsurTech Akur8, designed to enhance its digital products' pricing process via the use of Artificial Intelligence (AI). Singed in November 2020, the deal sees Akur8 seal its first partnership in the UK, with a leading Lloyd's of London ... Read the full article
Canopius appoints Lisa Davis President, CUO of US business
15th September 2020
Global specialty re/insurer Canopius has appointed Lisa Davis as President and Chief Underwriting Officer of its US business. Effective October 1, Davis reports to group Chief Underwriting Officer Mike Duffy and will oversee all of the group's US operations, comprising of Canopius US Insurance in Chicago and Canopius Underwriting Agency in ... Read the full article
Canopius promotes Stephen Pike to lead credit and political risk
29th July 2020
Global specialty re/insurer Canopius has announced the promotion of Stephen Pike to head of credit and political risk (CPR). Pike will lead the CPR team and help develop its proposition across Europe and internationally. He joined Canopius as an Underwriter in CPR in 2017 from ED&F Man Capital Markets where he co-led ... Read the full article
Canopius launches property product to address ‘silent cyber’ gap
6th July 2020
Global specialty re/insurer Canopius has announced the launch of a set of cyber property products for medium to large corporations across all sectors. The Canopius Cyber Property Damage Product Range (PDPR) will be sold on a consultative basis and in close collaboration with brokers. As well as replacing cyber cover excluded from property ... Read the full article
Canopius adds Craig Elliott as casualty underwriter for Asia Pacific
27th May 2020
Global specialty re/insurer Canopius has appointed Craig Elliott as casualty underwriter for the Asia Pacific region. Elliott reports to Claudio Saita, Head of Australia & Pacific, and will be based in the company’s recently established Sydney office. He joins with over a decade of industry experience, most recently serving as senior casualty ... Read the full article
Canopius set to acquire Bermudian reinsurer MultiStrat
16th March 2020
Bermuda-based specialty reinsurance group MultiStrat is set to be acquired by global specialty re/insurer Canopius. Canopius’ chairman and Chief Executive Officer, Michael Watson, has welcomed MultiStrat CEO Bob Forness and his team to the group, stating, “With a strong track record in the Casualty ILS market MultiStrat is recognised for innovation ... Read the full article
Canopius recruits trade & political risk underwriter from Acappella
20th December 2019
Global specialty re/insurer Canopius has announced the appointment of Claire Kennett as Underwriter, Trade & Political risk. Kennett joins Canopius from Acappella Syndicate where she served most recently as Underwriter, Political Risk. Prior to this, she held roles at Aon Underwriting Managers and Liberty Specialty Markets. Taking up her new position on January ... Read the full article
Swiss Re’s Tongue joins Canopius as trade & political risk underwriter
10th December 2019
Global specialty re/insurer Canopius has has appointed Andrew Tongue as a trade & political risk underwriter. Effective in March, Tongue will also act as deputy to Crispin Hodges, head of trade & political risk. He joins Canopius’ newly created Trade Political Risk unit with close to a decade of experience, having ... Read the full article
Samsung Fire & Marine wraps up Canopius investment
4th November 2019
Samsung Fire & Marine Insurance (SFMI), part of the Korean tech giant, has completed its strategic investment in global specialty lines re/insurer Canopius. First announced in May 2019, the deal has allowed SFMI to become a significant minority investor in Canopius. Notably, SFMI and Canopius have now said that in addition ... Read the full article
Beazley’s Crispin Hodges joins Canopius as Head of Trade Political Risk
24th October 2019
Global specialty insurer and reinsurer Canopius has announced the appointment of Crispin Hodges as Head of Trade Political Risk, based in London. Effective October 28th, 2019 Hodges will report to Bernie de Haldevang, Head of Credit, Political & Crisis at Canopius. The firm states that Trade Political Risk is a newly created ... Read the full article
AM Best turns positive on Canopius ratings
21st October 2019
Rating agency AM Best has removed the under review with negative implications status from Canopius US Insurance, Inc. and Canopius Reinsurance AG. At the same time AM Best has affirmed the Financial Strength Ratings of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of both Canopius Group subsidiaries, and ... Read the full article
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