Canopius
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The success of remote working is prompting businesses to rethink how the London market will operate post lockdown. -
Yesterday this publication revealed Canopius is exploring a potential legacy transaction to free up capital for redeployment.
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Guy Carpenter has been retained to advise with the outcome likely to influence a call on future equity raising.
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The Bermudian platform sources casualty reinsurance deals for hedge funds.
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Claire Kennett will be an underwriter of trade and political risk and report to Crispin Hodges.
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The new operation plans to expand its team to around six people in the next year.
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The company makes the appointment as it prepares to move forward as an MGA only.
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The operation comprises a book inherited from the AmTrust at Lloyd’s takeover.
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AM Best said it removed the carrier from under review with negative implications and affirmed its financial strength rating (FSR) of A-.
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Class underwriter Geoff Thrower and underwriter Karen Yeomans have worked in the London property market for over a decade.
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A&H, US property cat and energy underwriters face redundancy as Canopius looks for deal synergies.
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The deal creates a top-five Lloyd’s insurer with premiums of around $2.2bn.
