Canopius AG announced that Laurie Davison has been appointed group chief operating officer, while Nigel Meyer has been named group chief financial officer.
With 20 years’ experience in technology and insurance, Davison was previously chief operating officer at software/technology company Exari Group Inc. She also has served as chief executive officer at Adsensa Ltd. and chief operating officer of Faraday Holdings Ltd. She previously spent five years at Xchanging and seven at Rebus Insurance Solutions.
Meyer will join the group later in the year. He is currently COO at Brit Insurance, where he also previously served as CFO. With more than 20 years’ experience in the Lloyd’s and commercial insurance market, Meyer joined Brit in 2011, served as CFO through 2012 and became COO in 2013. He previously held senior finance positions at UK insurers Aviva and RSA. He began his career at Arthur Andersen in London, followed by roles at British Aerospace and Intel Corp.
Canopius announced last week that its $952 million acquisition 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. The company is once again a standalone business, led by chairman Michael Watson and group chief underwriting officer Mike Duffy. Details of the deal were first announced in September 2017.
“Laurie understands our industry very well, bringing with her substantial experience on both the customer and insurer sides as well as deep technology expertise,” said Watson. “Nigel’s experience across Lloyd’s and general insurance, his ability to manage a variety of stakeholders and regulators, and understanding of private equity ownership will be a great asset to Canopius.”