Canopius Group Limited, the global specialty (re)insurance platform of Sompo Holdings, announced that James (Jim) Giordano, Executive Chairman of Canopius US Holdings, will retire from the Group on June 30, 2015.
The announcement noted that Giordano “was a member of the original Canopius management buy-out team and served as the Group’s Chief Underwriting Officer from May 2003 until October 2013. He then relocated to the United States to take up his current position”.
Michael Watson, Chairman and CEO of Canopius described Giordano as “both a personal friend and a valued colleague;” adding that he “has been a huge part of the Canopius success story over the past twelve years and was my right hand man for most of that time in London.” Watson also said he “had a great influence in building a strong and talented pool of underwriters both here and overseas,” and thanked him “for his immense contribution to Canopius and wish him all the best for the future.”
Giordano said: “After 41 years of underwriting, I have decided the time is right to spend more time with my family. The creation and development of Canopius was both challenging and rewarding and I am proud of the part I played in its success. I leave with confidence that the current team led by Michael Watson is fully capable of carrying the baton on to further greatness. I would like to thank all of my colleagues and friends in the insurance market for their support over many years.”
Source: Canopius Group
Topics USA
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