Canopius
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Canopius will continue to be one of several capacity providers to the MGA. -
The carrier is understood to have had a significant line size on the slip.
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Rachel Webber was most recently head of non-marine at TransRe.
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Michael Shen will be succeeded by deputy Camilla Walker.
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The Lloyd’s carrier is expected to try to claim multiple times under the policy.
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Written premium increased by 31% to $2.41bn as top-line growth brought expense ratios down.
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The carrier has also hired Imogen Wright as underwriter marine and energy treaty.
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The investment comes amid expectations of a new cycle of deals.
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TMK formed its specialty reinsurance unit last year.
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The market is also facing potential losses from injuries to NFL stars.
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The carrier beat QBE to the punch to secure the lead position.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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ASR launched Syndicate 2454 at Lloyd’s last year.
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Conflict between China and Taiwan would be a “game changer” for marine war.
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The group posted an undiscounted combined ratio of 90.2% during the year.
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Fast Track is led by QBE and backed by Canopius, Arch and Beazley.
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The portfolio tracker facility is led by Canopius.
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The specialty reinsurance space has experienced a recent period of talent churn.
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The appointment follows the departure of upstream head Chris Touhey.
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Joe Bonanno has previously worked at Brit and Markel in Bermuda.
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Co-heads of the space unit Chris Gibbs and Richard Parker have left the carrier following the exit from the class.
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US lawmakers are looking to introduce legislation backdating to before the bridge collapse incident.
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Canopius Re CEO Charles Cooper says the growing division will show relevance by taking large lines on limited deals.
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Insurance contract written premium increased by 23% to $1.84bn.
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Mark Houghton, who joins from Axa XL, will report to group CUO Sam Harrison.
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He succeeds Watson, who will continue to support Canopius in an advisory capacity.
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The pair join from Validus Re and Axa XL.
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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.
