Canopius Group Limited announced that Susan Patschak, Chief Executive Officer of Canopius Bermuda has decided to step down, effective May 31, 2013, as she has decided to “assume a new role within the US insurance industry.”
The group announced that Stephen Hartwig, Senior Vice President, Canopius Underwriting Bermuda Limited (CUBL), has been named as Patschak’s successor, ”subject to the necessary regulatory consents.”
Hartwig has led the Excess Casualty underwriting team at CUBL since 2008 and played an important part in the development of Canopius’ growing presence in Bermuda. He started his career in 1991 as an underwriting account manager with The Travelers Insurance Companies in the US, gaining experience with Fortune 1000 accounts. In 1994 he moved to Denmark, completing his MBA at the Copenhagen Business School, before joining GE Frankona Re where he developed his skills in casualty underwriting and underwriting management with a focus on casualty business from the US, Nordic region and Germany as well as global clients. In 2001 he moved to Bermuda to join Starr Excess as Assistant Vice President, Excess Casualty. He joined ACE Bermuda Insurance in 2004 as Vice President and team leader of their Excess Liability division. He moved to Canopius Bermuda in 2008 to establish and lead the Excess Casualty team.
Michael Watson, Executive Chairman of Canopius, commented: “Since our entry into the Bermuda market over five years ago, Susan has ably led our first platform outside London and built a successful franchise and respected brand. Susan deserves huge credit for her role in this achievement and I have every confidence that her new venture in the industry will reflect her high standards and result in her continued success.”
Canopius CEO Inga Beale added: “Steve Hartwig’s impressive record at Canopius since 2008 makes him the ideal choice as the new Chief Executive of Canopius Bermuda. He has contributed significantly to its growth and shares our vision and passion for underwriting excellence as we continue to develop our Bermuda platform. We are pleased to recognize his achievements with this appointment.”
Source Canopius Group