Global specialty re/insurer Canopius Group has announced the reorganization of its global underwriting operations into four key areas:
- short tail
which it said would “enhance the focus on specialist underwriting capabilities and enable its three business regions to reach their greatest potential”.
Canopius said that as part of the reorganization its business units – the UK, US & Bermuda and APAC – would become “more empowered” with each gaining its own executive team. Canopius said that this would enable the business units “to better focus on serving its brokers and customers”.
Group CEO Neil Robertson said that “we have made changes to the structure of our business to create a better balance between our global product offering and our regional business units. This will also enhance our strength – both from a performance and operational perspective – and creates benefits for all stakeholders, and most specifically our customers.”
As part of the restructuring, Sarah Willmont has been promoted to UK CEO and Alois Rouffiac to UK Chief Underwriting Officer.
Lisa Davis remains as CEO, US & Bermuda, with a CUO for that region to be announced in due course.
Mark Newman remains as CEO of Canopius APAC, with Yann Marmonier promoted to APAC CUO.
Canopius’s claims function will now also be represented on both the Group and regional executive teams, reflecting the global underwriting structure in its design.
The restructure also leads to the creation of new leadership roles in underwriting, three of which have been filled internally.
Charles Craigs has been promoted to Group Head of Reinsurance, Rachel Sabbarton to Group Head of Short Tail and Bernie de Haldevang has been named, Group Head of Specialty. A Group Head of Casualty will be announced in due course.
The new roles and appointments are subject to all necessary regulatory approvals.