Michael Watson News

People Moves: Canopius Names Haste Group Chairman as Watson Steps Down

Canopius, the global specialty and property/casualty re/insurer, announced it has appointed Andy Haste as its new group chairman with effect from July 1, 2024. He will assume responsibility for chairing the group board as Canopius embarks on realizing its future …

Robertson Named CEO of Canopius, Succeeding Watson Who Continues as Chairman

Canopius Group, the London-based global specialty re/insurer, announced that Neil Robertson has been appointed group chief executive officer. Robertson joined Canopius as deputy group CEO in May 2021, reporting to Group Chairman and CEO Michael Watson, and takes up his …

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 …

Lloyd’s Creates Single Body for Governance to Improve Speed, Efficiency of Decisions

Lloyd’s announced it has merged the Council of Lloyd’s with the Franchise Board, creating one body to govern the marketplace. The decision to merge the two entities was first announced in November 2019. ‘The combination of board and council will …

Canopius Completes Acquisition of AmTrust at Lloyd’s

Canopius Group announced it has completed its acquisition of AmTrust at Lloyd’s. The merger provides Canopius with significant additional underwriting expertise and a broader product offering, creating a leading Lloyd’s insurer of increased scale and enhanced relevance to its clients …

Samsung Fire & Marine Insurance Takes Minority Stake in Canopius

Canopius AG announced it has entered into a strategic partnership with Samsung Fire & Marine Insurance (SFMI). Under the terms of the transaction, SFMI will become a significant minority investor in Canopius. The investment, which is subject to necessary regulatory …

Canopius Signs Agreement to Purchase AmTrust at Lloyd’s

Canopius AG announced it has signed a definitive sale and purchase agreement to purchase AmTrust at Lloyd’s, a division of AmTrust Financial, subject to regulatory approval. Upon completion, which is expected in Q3 2019, the deal will result in the …

Canopius Appoints Exari’s Davison as COO and Meyer from Brit as CFO

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 …

Centerbridge-Led Consortium Completes $952M Acquisition of Canopius from Sompo

The $952 million acquisition of Canopius 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. Having received all necessary regulatory consents, Canopius is once …

Japan’s Sompo Holdings to Sell Sompo Canopius for $952M to Centerbridge

Japan’s Sompo Holdings Inc. announced it has agreed to sell Lloyd’s re/insurer Sompo Canopius AG to a private equity consortium led by Centerbridge Partners for $952 million. On completion of the purchase, Canopius will become a standalone business led by …