Canopius
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Soon Keen Lee succeeds Mark Newman, Canopius’ new UK CEO.
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Combined ratios have improved as prices rise and investments return to profit.
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The carrier said it had also experienced a healthy start to 2024.
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Slipstream will be available to marine, cargo and logistics UK clients.
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The carrier made four new hires to the global credit and political risk team.
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Canopius has also appointed Uwe Schoberth as head of distribution, US and Bermuda.
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Canopius will write a 2.5% line on the multi-class facility, while Axa XL will write 1%.
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Interim UK CEO Kate Roy will step down from the position but retain her role as group COO.
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The executive will work within the retrocession and property specialty division, as well as supporting the London market and global production activity.
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The community solar binder is led by Canopius, targeting $2mn-$20mn solar projects.
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Charles Cooper will be responsible for the development of a significant growth driver for the business.
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The portfolio will focus on international risks with a focus on the US market.
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At first, Canopius will write non-proportional aviation reinsurance with an aim to quickly establish itself as a lead market.
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Charity Bare joins from Nephila Syndicate Management Limited, where she spent five years as director of risk and compliance.
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The group said it remains committed to its reinsurance, specialty and short-tail units.
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The syndicate booked net unrealised losses of just under £40mn and an investment loss of 2.3%.
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Harrison spent 25 of his 30-year-long career at QBE, most recently as group chief underwriting officer, a role he held since 2021.
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For its regional divisions, the carrier reported combined ratios of 84% for the US and Bermuda along with 96% for the UK.
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The deal involved the use of a non-payment credit insurance policy covering exposure on a GuarantCo portfolio transaction.
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The appointment comes following the departure of Stephen Haynes, who has joined Argenta.
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David Mutton joins from Axa XL, where he held the position of senior casualty underwriter for Australia.
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Canopius also added Jade Weaver, former management and professional lines underwriter at Argo, to its Bermuda team.
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