Canopius
NKSJ deal sees Canopius split marine and energy unit
Canopius has separated its existing marine and energy unit into two dedicated divisions as part of a move designed to maximise the growth opportunities following the firms acquisition by Japanese insurer NKSJ.
Sompo Japan completes acquisition of Canopius
NKSJ Holdings subsidiary Sompo Japan Insurance has completed its acquisition of Canopius after all necessary regulatory approvals for the transaction were obtained.
Nick Watson to lead Arista following acquisition by Towergate
Towergate has snapped up Arista in a deal that will see the consolidator’s change director Nick Watson appointed chief executive of the newly acquired managing general agent.
Towergate believed to be close to Arista acquisition
Towergate is believed to be closing in on a deal to acquire managing general agent Arista.
Canopius reports record £99m post-tax profit
Canopius has reported a 25% increase in gross written premiums and an improved combined ratio as it ended its 10th year of operation.
Market Moves - 30 January 2014
Admiral, Canopius and Novae were among the recruiters in what was a busy week for insurers, with Bollington and JLT-owned Thistle the brokers making moves.
FCA claims review coincides with improving London market service quality
London market insurers have been “upping their game” in terms of claims service quality amid an ongoing Financial Conduct Authority thematic review, according to the results of Gracechurch Consulting’s 2013 claims performance monitor.
Pratten to preside over £1.5bn in Canopius investment role
Canopius has appointed Michael Pratten to the newly created role of chief investment officer.
Canopius to provide Arista with motor capacity
Commercial lines underwriting specialist Arista Insurance has reached an agreement with Canopius that will see the latter provide Arista’s motor capacity.
GC Securities selected as sole financial advisor for Canopius sale
Guy Carpenter’s GC Securities is acting as the sole financial advisor to the shareholders of Canopius in the sale to NKSJ Holdings, through its insurance subsidiary Sompo Japan Insurance.
Watson to remain as Canopius CEO ahead of Sompo-backed M&A activity
Canopius chairman Michael Watson will not look to replace outgoing chief executive Inga Beale and will instead occupy the role himself on a permanent basis as he eyes acquisition opportunities under the ownership of NKSJ Holdings’ Sompo Japan.
Lloyd’s first-ever female CEO Inga Beale signals new era for insurance industry
Canopius CEO’s experience makes her ‘ideal’ replacement for Richard Ward
Sompo agrees deal for Canopius
Japan’s NKSJ Holdings has agreed a deal to acquire 100% of the shares of Canopius Group via its insurance subsidiary Sompo Japan Insurance.
Editor's comment: Ladies first (at last)
When I joined the insurance market in 2004, just under 10 years ago, the ‘required’ dress code for me to enter the hallowed halls of Lloyd’s of London was a skirt or dress.
Market Moves: Firms hopeful new hires will be Christmas crackers as recruitment enters festive frenzy
The insurance industry has sought to get its Christmas shopping done early, bringing home a number of presents for clients this week. Aviva tied a ribbon around Fraser Edmond, who replaces Sam Hudson as broker performance director, Zurich unwrapped Tim…
Sompo Japan in talks to buy Canopius
Japanese general insurer Sompo Japan is in advanced talks to buy Lloyd's insurance group Canopius for around £600m ($970m).
Lloyd’s CEO announcement expected Monday
Lloyd’s is set to name its new chief executive on Monday, Post understands, with Canopius group chief executive Inga Beale the front runner for the role.
Canopius unveils new head of international liability insurance
Reinsurance underwriter Canopius Group has appointed Andrew Pooley as head of its international liability insurance line.
Insurers praise speed of London market response to Nairobi mall attack
The speed of the London market response to September’s Nairobi shopping mall siege demonstrates its authority in reacting to terrorist events, those involved in the response have told Post.
Canopius announces claims units reshuffle
Canopius has moved to align its claims operations more closes with its three business units of global property, global specialty and UK retail, including announcing an internal promotion for the role of UK retail claims head.
Canopius in recruitment drive to maximise profits
Canopius Group has made a number of underwriting appointments in a bid to develop profitable growth opportunities across the business.
Three senior hires for Canopius' Singapore office
Canopius is growing its Asian operations with three senior hires in its Singapore office.
McMillan returns to Canopius
Canopius Group has appointed Neil McMillan as class underwriter to its North American Facilities team, focusing on property, motor and liability lines.
Equinox increases capacity by over 40%
Equinox Global has added three new syndicates to its panel and increased its underwriting capacity from $35m (£21.6) to $50m (£30.9m), effective 1 November 2013.