Canopius appoints new CFO
by Richard Kilner
Story link: Canopius appoints new CFO
Canopius Group Limited has announced the appointment of Paul Cooper as group chief financial officer. Cooper joins the firm from Ernst & Young LLP, where he led the specialty (re)insurance market segment and was a lead partner for a number of Lloyd’s and London market financial audit engagements. Earlier in his career he worked for [...]
Canopius achieves record biannual results
by Richard Kilner
Story link: Canopius achieves record biannual results
Specialist (re)insurance underwriting business Canopius Group Limited has reported its interim financial results for the six months ended 30 June 2012. The firm reported a profit to shareholders, after tax, of £33m in H1 2012, a return to the black after incurring a £51m loss in the corresponding period last year. Annualised return on equity [...]
Canopius completes Omega acquisition
by Richard Kilner
Story link: Canopius completes Omega acquisition
Specialist (re)insurance underwriting business Canopius Group Limited has announced that it has completed the acquisition of Omega Insurance Holdings Limited. By acquiring Omega Canopius had significantly expanded its global presence, as well as increasing annualised premium income beyond the £1bn milestone. Omega, a UK-listed, Bermuda-domiciled insurance and reinsurance group, operates from Lloyd’s, via Syndicate 958, [...]
Canopius appoints UK Retail Underwriting chief
by Richard Kilner
Story link: Canopius appoints UK Retail Underwriting chief
Specialist (re)insurance underwriting firm Canopius Group Limited has announced the appointment of Paul Dilley as the new head of Underwriting (UK Retail). Dilley will join the firm upon the conclusion of his present obligations, and will be directly responsible to UK Retail CEO Tim Rolfe. When he occupies the newly created position Dilley will assume [...]
Lloyd’s syndicates launch Asia terrorist consortium
by Gill Montia
Story link: Lloyd’s syndicates launch Asia terrorist consortium
A new insurance consortium, Xin, has been launched by Lloyd’s syndicates, specialising in helping businesses protect against the on-going threat of a terrorist attack in Asia. Amlin, Markel, Canopius and Argenta have set up the Singapore-based consortium to provide terrorist insurance protection to businesses operating in South East Asia and the Asia Pacific region. The [...]
Canopius reports £61m loss in 2011
by Richard Kilner
Story link: Canopius reports £61m loss in 2011
Canopius Group Limited has reported its financial results for the year ended 31 December 2011. Gross wrriten premiums rose by 9% from £564m to £616m, with a combined ratio of 111%, up from 92% last year. The firm incurred a loss to shareholders of £61m, a stark decline from the £43m post-tax profit of 2010. [...]
Canopius appoints new CEO
by Richard Kilner
Story link: Canopius appoints new CEO
Specialist (re)insurance underwriting firm Canopius Group Limited has announced the appointment of Inga Beale as group chief executive officer. Beale, whose appointment is made with effect from 3 January 2012, will report to Chairman and Chief Executive Michael Watson, who is to become executive chairman. Jim Giordano will retain his position as group chief underwriting [...]
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 [...]
Canopius establishes UK Retail Insurance division
by Richard Kilner
Story link: Canopius establishes UK Retail Insurance division
Specialist (re) insurance underwriting firm Canopius Group Limited has announced the formation of the new UK Retail Insurance division. The division will be led by Tim Rolfe, who will be directly responsible to Group Chief Underwriting Officer Jim Giordano. Rolfe was appointed as head of UK Retail Strategy in October last year, and has developed [...]
Canopius Europe commences operations
by Richard Kilner
Story link: Canopius Europe commences operations
Specialist (re)insurance underwriter Canopius Group Limited has announced that Canopius Europe, its newest underwriting platform, has begun operations. The new platform is based in Zurich and will, initially, focus upon indigenous European treaty reinsurance business, underwriting on behalf of the firm’s Lloyd’s Syndicate 4444. Eric Gutiérrez is the chief executive officer of Canopius Europe and [...]
Canopius acquires K. Drewe and Look
by Richard Kilner
Story link: Canopius acquires K. Drewe and Look
Leading specialist (re)insurance underwriting firm Canopius Group Limited has announced that it has acquired the businesses of K. Drewe Insurance Brokers Limited and Look Insurance Services Limited. K. Drewe is a wholesale broker operating within the UK leisure industry and specialising in caravan, holiday home, park home, marine leisure and pet insurance. Look, an appointed [...]
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 [...]
Canopius announces brace of hires
by Richard Kilner
Story link: Canopius announces brace of hires
Specialist insurance underwriting business Canopius Group Limited has announced that it is bolstering its Marine and North American Facilities teams with a pair of appointments. Charles Fernandez becomes Marine property and deputy Marine liability underwriter, and joins the firm from Brit where he also handled marine and energy liability, as well as fostering client relationships. [...]
Canopius re-focuses PI offering
by Gill Montia
Story link: Canopius re-focuses PI offering
Canopius is re-aligning its Professional Indemnity (PI) offering. The specialist underwriter is introducing a number of changes to its PI strategy and management and will be focusing predominantly on smaller UK professional organisations in the future. The firm is withdrawing, with immediate effect, from open market PI business which does not fit its new vision. [...]
Canopius posts record profits for 2008
by David Masters
Story link: Canopius posts record profits for 2008
Lloyd’s underwriter Canopius has reported its results for full year 2008, with increased returns on investments and record profits. The company – one of the biggest privately-owned Lloyd’s underwriting businesses – said the result reflects a solid performance. Investment returns increased £30 million on year, an especially impressive feat considering the general state of financial [...]
