Canopius Group News

Samsung Fire & Marine to Underwrite Canopius U.S. Admitted Specialty Lines

Canopius Group, a global specialty (re)insurer, announced an agreement with Samsung Fire and Marine Insurance (SFMI), its substantial minority shareholder and business partner, to underwrite U.S. admitted business on its A++ rated paper. This agreement marks the most significant business …

People Moves: Dietrich Named CEO, Hiscox Europe; Hartford’s Milner to Canopius; Agile Risk’s Foster to IGI; HDI Promotes Digman

This wrap-up of International People Moves details recent appointments at Hiscox, Canopius, IGI and HDI Global. A summary of these new hires follows here. Hiscox Specialist global insurer Hiscox has appointed Robert Dietrich as the new CEO of Hiscox Europe. …

Sompo’s Davis Named President of Canopius USA as It Eyes Expansion

Specialty insurer Canopius Group has appointed Lisa Davis to the new position of president and chief underwriting officer of Canopius USA, effective October 1. Davis joins Canopius from Sompo America Insurance Services, where she has served as executive vice president, …

Canopius Acquires Bermuda-Based Specialty Reinsurer Multi-Strat Holdings

Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd. Financial details of the transaction were not disclosed. MultiStrat is a specialty reinsurance group that writes both prospective and retrospective casualty reinsurance sourced through select reinsurance intermediaries. …

Samsung Fire & Marine Insurance Finalizes Strategic Investment in Canopius

Canopius Group Ltd. announced the completion of Samsung Fire & Marine Insurance’s (SFMI) strategic investment in its business. The investment will support Canopius’s growth arising from the recent acquisition of AmTrust at Lloyd’s and merger with its own Lloyd’s interests, …

Canopius Group Appoints Lobo as Head of Upstream Oil & Gas Engineering

Zurich-headquartered Canopius Group AG announced the appointment of Francis Lobo as head of Upstream Oil and Gas Engineering, effective immediately. Lobo will report to Steve Warren, Group Head of Energy & Engineering, and will be working with the company’s team …

Sompo Japan Canopius Re Gets ‘A’ Rating; to Begin Writing Business on Jan. 1

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. …

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 …