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Daily Insurance Industry News
Friday 17th of August 2018
January 7, 2011

Canopius announces international expansion

by Richard Kilner

Story link: Canopius announces international expansion

Specialist (re)insurance underwriter Canopius Group Limited has announced its plans to expand internationally with the establishment of Canopius Europe, a reinsurance underwriting platform.

The new venture will be based in Zurich and will initially be dedicated to European treaty reinsurance business, underwriting on behalf of Canopius Group’s Lloyd’s Syndicate 4444 (pending requisite consents).

Canopius Europe will be led by Eric Gutiérrez, presently senior vice president of ACE Tempest Re International and general manager of ACE Reinsurance (Switzerland).

Canopius Europe is expected to commence operations midway into 2011 and will fall under the umbrella of the International operating division, which is led by Group Chief Underwriting Officer Jim Giordano.

Chairman Michael Watson has expressed his delight at the new strategic step forward, and warmly welcomed Gutiérrez to the firm.

Watson went on to praise Gutiérrez’s calibre and experience and state his confidence in his ability to lead Canopius’ new platform.

 

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