Canopius News

People Moves: CoreLogic Names Dodd CEO; CAC Specialty Adds 4 to Senior Living Team; McCann Joins Lockton Re; Canopius Appoints Lee General Counsel

CoreLogic Names Dodd CEO Patrick Dodd has been appointed president and chief executive officer of CoreLogic, the global property information, analytics and data company. Dodd was named interim chief executive officer in January 2022. Prior to assuming the top job …

People Moves: Canopius CUO Duffy to Retire Next Year; AXA XL Promotes Baker to Head of Construction, UK & Lloyd’s

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 …

Canopius Completes Loss Portfolio Transfer Agreement With Legacy Acquirer Riverstone

Canopius Group, the London-based global specialty re/insurer, announced it has completed a loss portfolio transfer (LPT) agreement with RiverStone International. The agreement covers discontinued classes of business underwritten by Canopius’ Lloyd’s syndicates and will see RiverStone’s Syndicate 3500 indemnify Canopius …

Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount

LONDON โ€“ Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. Faced with increased demand, major European and U.S. …

In Succession Move, Canopius Names AXA XL’s Robertson Deputy CEO

Specialty insurer and reinsurer Canopius Group announce that Neil Robertson has been appointed Group deputy chief executive officer, with effect from May 4, 2021. In this capacity, Robertson will report to Michael Watson, Group chairman and CEO. The company said …

Canopius Re Receives License in Bermuda to Operate as Class 4 Reinsurer

Canopius announces its Bermuda-based reinsurance company Canopius Reinsurance Ltd. has been granted a Class 4 reinsurer license by the Bermuda Monetary Authority. The reclassification will significantly extend Canopius Re’s scope, enabling it to increase gross written premiums and write more …

Record Return of Merger Activity Leads to Massive Growth in M&A Insurance Market

LONDON โ€“ A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity firms cover for when a deal goes wrong, industry officials …

Insurer Canopius Promotes Pike to Head of Credit & Political Risk

Canopius announced it has promoted Stephen Pike as head of Credit & Political Risk (CPR) team, part of the Credit, Political & Crisis (CPC) division, effective immediately. Pike joined Canopius as an underwriter in CPR in 2017 from ED&F Man …

Canopius Launches Cyber Property Product to Address Silent Cyber Gap

Canopius, the London-based specialty re/insurer, announced the launch of a set of cyber property products for medium-to-large corporations across all sectors across the globe. In light of the ever-evolving cyber threat, the Canopius Cyber Property Damage Product Range (PDPR) will …

Canopius Appoints AXA XL’s Elliott as APAC Casualty Underwriter

Canopius announced the appointment of Craig Elliott as casualty underwriter for the region, effective May 4, 2020. He reports to Claudio Saita, head of Australia & Pacific, and is based in the company’s Sydney office, established last June as part …