Canopius backs insurtech Delos on Cali property coverProperty insurtech managing general agent Delos Insurance Solutions has announced an insurance product backed by Canopius to offer protection to low-risk homes within California wildfire regions.
Canopius acquires Bermuda ILS firm MultiStrat HoldingsTop five Lloyd’s insurer Canopius has acquired a majority stake in Bermuda-headquartered casualty reinsurance group MultiStrat Holdings Ltd.
Canopius to shut UK offices in virus business continuity planSpecialty (re)insurer Canopius has told all staff in the UK to work from home for at least two weeks as the carrier looks to mitigate any negative fallout from the coronavirus outbreak.
Canopius continues trade and political risk overhaul with Acappella’s KennettLloyd’s insurer Canopius has appointed Claire Kennett as trade and political risk (TPR) underwriter as the carrier continues to build out its newly restructured trade political risk division.
Canopius looks to Swiss Re for political risk deputy headLloyd’s insurer Canopius has hired Andrew Tongue as trade & political risk underwriter, serving as deputy head of the class under recently appointed Crispin Hodges.
Canopius’ Turner re-emerges at PioneerPioneer Underwriters has hired Philip Turner as a specie underwriter within the marine specialty team.
Samsung completes $150mn Canopius investmentKorea’s largest non-life insurer, Samsung Fire & Marine Insurance (SFMI), has completed its investment in Canopius for a stake worth $150mn, as the top-five Lloyd’s insurer targets international growth.
Canopius looks to Beazley’s Hodges for trade political risk leaderTop five Lloyd’s insurer Canopius has appointed Crispin Hodges as head of trade political risk, following a restructure of the carrier’s credit, political and crisis lines to absorb its recently acquired AmTrust at Lloyd’s political risk book.
Canopius 2020 stamp leaps to £1.6bn following AmTrust dealPrivate equity-backed Canopius will see its stamp capacity climb from a current £1.05bn to £1.6bn in 2020 following its acquisition of fellow Lloyd’s (re)insurer AmTrust at Lloyd’s.
Ark in TUPE swoop for six-strong political risk AmTrust teamLloyd’s insurer Ark has lured a six-strong AmTrust-at-Lloyd’s team of political risk and violence underwriters following the latter’s acquisition by rival Lime Street carrier Canopius, The Insurer can reveal.
Canopius completes AmTrust at Lloyd’s takeoverCanopius Group has completed its acquisition of AmTrust at Lloyd’s, making the carrier a top-five player at Lloyd’s.
Canopius’ specie head Turner and marine treaty head Gladwin set to departTwo senior heads of divisions at Canopius – Philip Turner who leads the specie business and Andy Gladwin, the global head of marine treaty – are to part ways with the carrier, The Insurer can reveal.
Canopius takes WTW’s Jeffers for APAC credit & political risk underwriterTop five Lloyd’s insurer Canopius has named Jamie Jeffers as credit & political risk underwriter in Singapore, as it continues to expand its Asia Pacific footprint.
Canopius builds out APAC team with four hiresTop five Lloyd’s carrier Canopius has swooped on Woodina, Talbot and XL Catlin to add a team of four to its recently-established branch, Canopius Australia & Pacific in Sydney.
Canopius taps Tokio Marine’s Saita for Australia drivePrivate equity-backed Canopius is set to launch its first office in Australia, hiring Claudio Saita from Tokio Marine Management Australasia to lead the business, The Insurer can reveal.
Canopius signs AmTrust at Lloyd’s merger agreementPE-backed Canopius has moved a step closer to completing its landmark merger of its Lloyd’s business with AmTrust’s, after signing a definitive sale and purchase agreement, a move that will catapult the carrier into being a top-five Lloyd’s insurer.
Canopius pushed to Lloyd’s top-five with AmTrust dealPE-backed Canopius will be catapulted into being a top-five Lloyd’s carrier responsible for circa £2.01bn of annual written premiums on the assumption it completes its acquisition of AmTrust’s Lloyd’s business, analysis by The Insurer shows.
AM Best puts US and Swiss Canopius subs under negative reviewAM Best has put the A- financial strength ratings and a- credit ratings of Canopius’ US insurance and Swiss reinsurance operations under review with negative implications after worse-than-expected 2018 operating results.
China Re launches Lloyd’s renewable energy consortiumState-back reinsurer China Re has launched a renewable energy reinsurance consortium at Lloyd’s which will focus on cover for the construction and operation of offshore wind farms in mainland China.
Canopius, BMS unveils London energy hiresLloyd’s insurer Canopius has confirmed the hiring of Beazley’s deputy head of energy Rachel Sabbarton to replace veteran Geoff Tin.