Canopius beefs up terrorism team

by Gill Montia

Story link: Canopius beefs up terrorism team

Canopius has appointed two underwriters to its sabotage and terrorism team.

In their new roles, Tim Davies and Jennie Beard will report to Simon Low, the re/insurer’s head of political risk & crisis management.

Mr Davies has considerable experience in the terrorism market, having previously held senior broking positions and most recently headed up the Willis international terrorism practice.

Jennie Beard joins from Ark where she underwrote a global book of terrorism and political violence business.

Commenting on the appointments, Mr Low says: “The recruitment of Tim and Jennie will allow us to strengthen our position and extend our leadership capability as we deliver flexible, technical underwriting products backed by a reliable, responsive service to our brokers and clients.”

In another area of expansion, Canopius has recently established a UK retail insurance division which is expected to handle business lines accounting for approximately 30% of gross written premiums.