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Canopius expands into US extra casualty market

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

The objective is to ‘make a big 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 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 concentrate on 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 develop into one of many fastest-growing markets within the insurance coverage business and this speedy development has supplied a possibility for Canopius to enter the market and provide a specialised resolution for our clients,” stated Laurie Banez, Canopius head of casualty, U.S. & Bermuda.

“Beneath Jude’s management, we’ll ship underwriting excellence and progressive 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 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,” stated DiBattista. “I’m additionally thrilled with the corporate’s dedication to develop into the quickly rising extra casualty surplus traces market.

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

“The last word objective is to reinforce our worth proposition and make a big affect inside the market.”

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