Canopius News

Canopius Appoints Bailey as Global Head of Accident & Health

Canopius Group AG* announced the appointment of Scott Bailey as global head of Accident & Health, effective immediately. Bailey will lead the development of Canopius’s global A&H strategy as part of the group’s broader ambitions for profitable growth in specialty …

Canopius Appoints Turner as Head of Specie

Canopius Group* AG today announces the appointment of Philip Turner as head of specie, effective immediately. Turner joins from Marsh where he has led its specie practice for the past 20 years. He will report to Joyce Webb, group head …

Canopius & Sompo Form Global Reinsurance Unit, Sompo Canopius Re

Canopius Group AG* announced the formation of an integrated global business unit to manage the assumed reinsurance business previously written separately by Canopius and Sompo Japan Nipponkoa Insurance Inc. The business unit will be led by a single management team …

AEGIS London’s Managing Director Moves to Canopius as Group CEO

AEGIS London announced that Stuart Davies, the company’s managing director, has resigned to take up the group CEO role at Canopius. At Canopius, Davies succeeds Michael Watson who remains the company’s chairman. As group chief executive officer, Davies will assume …

Canopius Expands U.S. Business, Adds Ironshore’s Winfield

Canopius Group Limited, the global specialty insurance and reinsurance platform of Sompo Holdings, is expanding its its U.S. operations with the appointment of Bradley Winfield as head of U.S. Direct Property. Bradley joins Canopius from Ironshore, where he was most …

Japanese Specialty Reinsurer Canopius Expands U.S. Footprint

Canopius Group Limited, the global specialty (re)insurance platform of Sompo Japan Nipponkoa Holdings Inc., said it is expanding its U.S. presence with the launch of Canopius Underwriting Agency Inc. (CUAI). Based in New York, CUAI will underwrite domestic facultative property …

Worldwide Facilities Partners with Beazley, Canopius to Offer Energy Insurance

Worldwide Facilities, Inc. has formed a strategic partnership with the Canopius and Beazley Lloyd’s of London syndicates to provide a new underwriting platform for land-based oil and gas lease operators. Products will be initially offered from Worldwide’s Houston office, which …

Canopius’ Chief Inga Beale Stresses ‘Client Focus’ for European Success

Lloyd’s has a good reputation in Europe, but managing agents need to become more client focused to be successful on the continent, explained Inga Beale, Group Chief Executive at Canopius Group Ltd. in an article on the Lloyd’s web site. …

Best Sees No Change In Tower Group Ratings from Canopius Merger

A.M. Best Co. has commented that the issuer credit rating (ICR) and debt ratings of Tower Group, Inc. (TWGP), as well as the financial strength rating and ICRs of its insurance subsidiaries are unchanged. Best made the announcement following TWGP’s …

Best Affirms Tower U.S. Pool and Affiliated Companies Ratings

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the pooled and reinsured members of the Tower US Pool. Best also affirmed the ICR of “bbb-” and debt …