Canopius CUO Duffy to Retire Next Year Canopius Group, the London-based global specialty re/insurer, announced that, after nearly 17 years of service, Group Chief Underwriting Officer Mike Duffy will retire in 12 months’ time. Duffy joined Canopius in January 2006 …
The $952 million acquisition of Canopius from Sompo Holdings has been completed by a private equity consortium led by Centerbridge Partners, L.P., which includes private investment firm Gallatin Point Capital LLC. Having received all necessary regulatory consents, Canopius is once …
Japan’s Sompo Holdings Inc. announced it has agreed to sell Lloyd’s re/insurer Sompo Canopius AG to a private equity consortium led by Centerbridge Partners for $952 million. On completion of the purchase, Canopius will become a standalone business led by …
Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced it has agreed to acquire the renewal rights to Canopius Underwriting Bermuda Ltd.’s excess casualty insurance book of business. The transaction is expected to close mid-year. In addition, Sompo Canopius …
Sompo Canopius AG announced that Stuart Davies is stepping down from his role as group CEO and all other related responsibilities, effective immediately. Davies joined Sompo Canopius in 2015 with a mandate to lead the group through a period of …
Sompo Canopius AG announced the hire of Spencer Pearce as head of heavy industry. Pearce, one of a number of recent senior hires for Sompo Canoipius, joins from AIG. He will report to Mike Southgate, head of Marine, Energy & …
Sompo Canopius* AG has appointed Paul Kedney as chief commercial officer. Kedney will join the group’s executive committee and work closely with Stuart Davies, group chief executive officer, and Mike Duffy, group chief underwriting officer. Previously actuarial and risk director …
Sompo Canopius AG announces has hired Laurie Banez as head of U.S. financial and professional lines. Banez is based in the New York office and reports to Stephen Hartwig, group head of casualty. She joins from Argo Pro with nearly …
Sompo Canopius AG has announced a number of changes to its organizational structure. The company is simplifying its underwriting management and structure to enhance cohesiveness and focus on profitability across the group. It is also making some changes to its …
A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a+” to Sompo Japan Canopius Reinsurance AG, a wholly owned subsidiary of Canopius Group AG. The outlook assigned to both ratings is stable. …
