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Saturday, June 22, 2024
HomeInsuranceCanopius expands into US extra casualty market

Canopius expands into US extra casualty market




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















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

Canopius expands into US excess casualty market


Insurance coverage Information

By
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 stated in a press launch shared with Insurance coverage Enterprise.

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

“The E&S extra casualty market has change into one of many fastest-growing markets within the insurance coverage business and this fast development has offered a chance for Canopius to enter the market and supply a specialised answer for our clients,” stated 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 guide Canopius extra casualty push

DiBattista has greater than thirty years of casualty E&S expertise, having most just 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 concerning the alternative to construct this workforce and product providing from the ground-up,” stated 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 worth proposition and make a major affect throughout the market.”

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