Hashtag: #Canopius
AM Best Revises Canopius Outlooks To Stable
AM Best revised the outlooks to stable from negative for Canopius US Insurance, Inc. The ratings agency said, “AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] of Canopius US Insurance, Inc. [Canopius US] [Wilmington,... Read more of this article
Canopius: Underwrite Cannabis-Exposed Risks
Canopius Group,a global specialty [re]insurer, announced its “capability to underwrite cannabis-exposed risks for privately owned and not-for-profit organizations.” A spokesperson said, “Coverages include Directors & Officers Liability [D&O], Employment Practices Liability [EPL], and Fiduciary Liability [FL]. “The company... Read more of this article
Canopius Group Appoints Mike Butler
Canopius Group, a leading global specialty reinsurer, announced the appointment of Mike Butler as Head of Management and Professional Lines, Bermuda, reporting to Laurie Banez, Head of Casualty and Head of Management and Professional Lines, reinforcing the company’s professional lines capabilities across the U.S. and Bermuda region. A spokesperson... Read more of this article
AM Best Revises Canopius Outlooks To Negative
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] of Canopius US Insurance, Inc. [Canopius US] [Wilmington, DE] and Canopius Reinsurance Limited [Canopius Re] [Bermuda]. Both entities are wholly owned subsidiaries of Canopius... Read more of this article
Canopius Group Appoints Breen As Senior VP
Canopius Group AG announced the expansion of its US Direct Property team with the appointment of Ivan Breen as senior vice president. He will report to Bradley Winfield, head of US Direct Property. Mr Breen, who previously led the Property & Casualty team at Willis Bermuda, will contribute to the expansion and growth of the US property book, which... Read more of this article
Canopius Bermuda Hosts Gallery Opening
The artistic community in Bermuda now has a new venue to exhibit their works after Canopius Bermuda CEO Stephen Hartwig envisioned transforming their office walls into a gallery of local artists’ works. Premier and Minister of National Security, Michael Dunkley participated in the Gallery Opening on Thursday [Sept 25] at Canopius Bermuda. The company... Read more of this article
Canopius Bermuda To Launch Art Initiative
The artistic community in Bermuda will soon have new venues to exhibit their works. In this innovative programme, envisioned by CEO Stephen Hartwig, Canopius Bermuda will transform their office walls into a gallery of local artists’ works. The company will stage an opening reception to showcase the collection with each piece offered for sale commission... Read more of this article
Canopius Reception Celebrates Growth History
Canopius Group Limited held a reception to mark its history of growth and celebrate its commitment to the Bermuda market. The event, which took place at the Masterworks Museum of Bermuda Art on 20 February, was attended by Dr. Grant Gibbons, Minister of Economic Development and Education,Bob Richards, Minister of Finance, Gerald Simons, Bermuda Monetary... Read more of this article
Canopius Ltd. Appoints Grant Elliott, Sally Coryn
Canopius Group Limited has appointed Grant Elliott as Head of Business Development and Sally Coryn as Head of Corporate Development. Mr. Elliot joins Canopius from Aon Limited where, since 2009, he was Strategic Business Director and Head of its Asia desk based in London. With over 30 years’ experience in the sector, Mr. Elliot brings to Canopius... Read more of this article
Tower Group To Merge Reinsurance Operations
Tower Group International, Ltd. announced today [June 3] that it has entered into an agreement to acquire American Safety Reinsurance, Ltd., the Bermuda-based reinsurance subsidiary of American Safety Insurance Holdings, Ltd., from Fairfax Financial Holdings Limited for approximately $59 million. The purchase of American Safety’s reinsurance unit... Read more of this article
Canopius Merger Leads To Zacks Downgrade
New York’s Tower Group — which announced the closing of its merger with Bermuda’s Canopius Holdings in March — was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Thursday [May 23]. They currently have a $18.00 target price on the stock. Zacks’ analyst wrote, “We... Read more of this article
Canopius Renames Bermuda Platform
Canopius Group Ltd. has renamed its Bermuda-based reinsurance platform Canopius Reinsurance Ltd. In a statement today [Mar. 19], Guernsey-based Canopius said that, after the sale last week of Canopius Holdings Bermuda to Tower Group Inc., it had renamed Omega Specialty Insurance Ltd., its Bermuda-based reinsurance arm. Canopius Reinsurance Ltd. has... Read more of this article
Canopius Merger With Tower Completed
Tower Group, Inc. today [Mar. 13] announced the closing of its merger with Canopius Holdings Bermuda Limited which will become effective this evening following the close of trading on The NASDAQ Global Select Market. Upon closing of the merger, Tower will become an indirect wholly-owned subsidiary of Canopius Bermuda, which will change its name effective... Read more of this article
Canopius Tumbles To First Ever Loss
Privately-owned Lloyd’s insurer and reinsurer Canopius — which operates in Bermuda, Singapore, Ireland and Switzerland — yesterday [Mar. 15] announced its first ever loss of £64 million before tax [2010: profit of £40 million], with catastrophes adding 24 points to its combined ratio bringing it to 111%. Gross written premiums were... Read more of this article
Omega: ‘This Has Been A Difficult Year’
Bermuda-based Omega Insurance Holdings today [Mar.6] reported a $94.7 million loss before tax for 2011, more than double the $42.9 million it lost in the previous year. The international insurance and reinsurance group also saw a 14.5% reduction in gross written premiums in 2011 to $304.6 million [2010: $356.1 million] and a deterioration in its combined... Read more of this article
Canopius Appoints New CEO
Canopius Group Ltd., the Lloyd’s of London insurer owned by Bregal Capital LLP, today [Dec.15] named Inga Beale [pictured] to be its chief executive officer from next month. She will replace current chairman and CEO Michael Watson, who becomes executive chairman. Canopius — which does business in Bermuda but which launched a major Swiss operation... Read more of this article
