Sompo Canopius AG announced the appointment of Mike Southgate as global head of Marine, Energy and Engineering. He will join the group underwriting committee and report to Mike Duffy, group chief underwriting officer.
Southgate, who was previously joint active underwriter at Montpelier Syndicate 5151, will lead all marine, energy and engineering business across Sompo Canopius. His appointment reflects the company’s focus on increasing its market leading capabilities in these classes, where it already has the ability to offer tailor-made coverage on complex risks, supported by one of the top claims teams in the market.
Separately, Joyce Webb, group head of Marine, Joyce Webb will retire in April. Webb has enjoyed a 38 year career in the Lloyd’s market, and in 2004 joined Sompo Canopius, where she has been pivotal in building its profitable marine portfolio.
In addition, Donna Young, current cargo underwriter, will be promoted to head of Cargo and Specie, effective 1 April.
“It gives me great pleasure to welcome Mike to Sompo Canopius and Donna to her well-deserved new role,” Duffy said.
“Mike will be a great asset in leading our marine, energy and engineering lines. His significant experience of underwriting and broking across a range of classes will bring a fresh perspective as we build on our already successful products and offer more tailored and relevant services to brokers and clients,” he added.
“I would also like to thank Joyce for her significant contribution to the development of our marine business over the last 12 years. I wish her all the best in her retirement.”
Source: Sompo Canopius