Canopius expands into US extra casualty marketplace






Canopius expands into US extra casualty marketplace | Insurance coverage Trade The us

The purpose is to ‘make an important affect’, new head says

Canopius expands into US excess casualty market

Insurance coverage Information

Jen Frost

World (re)insurer Canopius has entered the home US extra casualty marketplace on Canopius US Insurance coverage Corporate paper and has appointed Jude DiBattista US head of extra casualty.

“This initiative underscores Canopius’ dedication to increasing its footprint in the United States insurance coverage sector and adorning its casualty functions,” Canopius stated in a press free up shared with Insurance coverage Trade.

The insurer will center of attention on industrial dangers, with a “specialised means” in area of interest verticals together with building, industrial real-estate, hospitality, production, and generation.

“The E&S extra casualty marketplace has grow to be one of the most fastest-growing markets within the insurance coverage trade and this speedy enlargement has equipped a possibility for Canopius to go into the marketplace and be offering a specialised resolution for our consumers,” stated Laurie Banez, Canopius head of casualty, U.S. & Bermuda.

“Below Jude’s management, we’ll ship underwriting excellence and leading edge risk-based answers for our wholesale distribution companions.”

DiBattista named to steer Canopius extra casualty push

DiBattista has greater than thirty years of casualty E&S revel in, having maximum not too long ago served as GuideOne VP of E&S casualty. During the last decade, he has additionally held senior roles at National, QBE, and Aspen.

“It’s an honor and a privilege to be a part of the Canopius group, and I’m very thinking about the chance to construct this crew and product providing from the ground-up,” stated DiBattista. “I’m additionally extremely joyful with the corporate’s dedication to amplify into the hastily increasing extra casualty surplus strains marketplace.

“Our imaginative and prescient facilities round offering complete merchandise adapted to various purchasers, aggressive phrases and prerequisites, and area of interest underwriting experience our companions will worth.

“Without equal purpose is to reinforce our worth proposition and make an important affect throughout the marketplace.”

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