Canopius
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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. -
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.
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The carrier’s risk appetite in the lines is expected to be unaffected by the departure.
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Australia and Pacific head Claudio Saita says further appointments will follow.
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Former Vibe casualty treaty underwriter Archer to step into Barbican role.
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