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Canopius promotes Craigs to Group Head of Reinsurance in restructure


Specialty insurance coverage and reinsurance group Canopius has introduced a restructure and has named Charles Craigs, who has led a lot of the agency’s actions in insurance-linked securities (ILS) and third-party capital, as its new Group Head of Reinsurance.

Craigs already had a broad reinsurance and ILS centered remit at Canopius, being the CEO of each Bermuda primarily based reinsurer Canopius Re, in addition to Canopius ILS Ltd, which is a licensed insurance coverage agent in Bermuda, focussed on structuring and elevating funds for ILS merchandise.

Craigs is now promoted to Group Head of Reinsurance, one in all quite a few strikes introduced immediately, as Canopius optimises its underwriting management for the longer term.

The strikes introduced immediately now give Canopius’ UK, US & Bermuda and APAC working models their very own management.

Neil Robertson, Canopius Group Chief Government Officer (CEO) commented, “We have now made adjustments to the construction of our enterprise to create a greater steadiness between our international product providing and our regional enterprise models. This will even improve our power – each from a efficiency and operational perspective – and creates advantages for all stakeholders, and most particularly our clients.”

Sarah Willmont has been promoted to UK CEO, whereas Alois Rouffiac becomess UK Chief Underwriting Officer (CUO).

Lisa Davis stays as CEO, US & Bermuda, and the agency stated that a further announcement of a CUO for that area might be made in the end.

Mark Newman stays as CEO of Canopius APAC, with Yann Marmonier promoted to APAC CUO as nicely.

Because of this, the claims perform at Canopius might be represented on each the Group and regional government groups, reflecting the design of the worldwide underwriting construction.

As well as, Rachel Sabbarton to Group Head of Brief Tail and Bernie de Haldevang, Group Head of Specialty, whereas a Group Head of Casualty might be introduced in the end, Canopius stated.

Robertson added, “With devoted groups now in place and necessary new senior management positions crammed with confirmed expertise from inside, this restructure advances our potential to grasp our progress ambitions and drives empowerment all through the organisation.”

Canopius underwrites and arranges enterprise for third-party buyers, serving to them to entry the returns of insurance coverage and reinsurance through its Canopius ILS Ltd. unit, with its Canopius Re construction in a position to entrance reinsurance transactions for buyers backing the ILS buildings it operates.

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