15.8 C
New York
Wednesday, September 27, 2023

Canopius expands into US extra casualty market

Canopius expands into US extra casualty market | Insurance coverage Enterprise America

The purpose is to ‘make a big affect’, new head says

Canopius expands into US excess casualty market

Insurance coverage Information

Jen Frost

International (re)insurer Canopius has entered the home US extra casualty market on Canopius US Insurance coverage Firm paper and has appointed Jude DiBattista US head of extra casualty.

“This initiative underscores Canopius’ dedication to increasing its footprint within the US insurance coverage sector and enhancing its casualty capabilities,” Canopius mentioned in a press launch shared with Insurance coverage Enterprise.

The insurer will deal with industrial dangers, with a “specialised method” in area of interest verticals together with building, industrial real-estate, hospitality, manufacturing, and know-how.

“The E&S extra casualty market has turn into one of many fastest-growing markets within the insurance coverage business and this speedy development has offered a possibility for Canopius to enter the market and provide a specialised resolution for our clients,” mentioned Laurie Banez, Canopius head of casualty, U.S. & Bermuda.

“Underneath Jude’s management, we’ll ship underwriting excellence and revolutionary risk-based options for our wholesale distribution companions.”

DiBattista named to steer Canopius extra casualty push

DiBattista has greater than thirty years of casualty E&S expertise, having most lately served as GuideOne VP of E&S casualty. Over the previous decade, he has additionally held senior roles at Nationwide, QBE, and Aspen.

“It’s an honor and a privilege to be a part of the Canopius group, and I’m very excited in regards to the alternative to construct this group and product providing from the ground-up,” mentioned DiBattista. “I’m additionally thrilled with the corporate’s dedication to increase into the quickly rising extra casualty surplus traces market.

“Our imaginative and prescient facilities round offering complete merchandise tailor-made to various shoppers, aggressive phrases and situations, and area of interest underwriting experience our companions will worth.

“The last word purpose is to boost our price proposition and make a big affect throughout the market.”

Associated Tales

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles