Canopius

The head of A&H at Everest Re’s syndicate business has resigned, this publication can reveal.

The former Canopius CEO has held the position since January 2014.

The underwriter will join Canopius, reporting to his former colleague Alan Winch.

Canopius has substantial experience of executing M&A in the London market.

This publication revealed that Evercore had been appointed to explore sale options in April this year.

The Michael Watson-led carrier is one of three strategic parties in talks to acquire the specialty insurer.

The carrier will stop underwriting open market PI and FI business from London.

Stephan Ott joins from Emirates Re, where he was the chief underwriting officer.

The insurer has chosen Rachel Sabbaton to lead its energy operation after Geoff Tin steps down.

The appointment is the third major hire since management closed a Centerbridge-backed $952mn buyout from Sompo.

Yann Marmonier and Paul Hackett are to join the Lloyd's carrier as part of an Asian expansion push.

Canopius will look to expand the Asia Pacific portion of its portfolio over the next five years as part of its post-management buyout (MBO) strategy, according to executive chairman Michael Watson.