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Sompo Canopius appoints Asia heavyweight from XL Catlin

Sompo Canopius appoints Asia heavyweight from XL Catlin

Sompo Canopius appoints Asia heavyweight from XL Catlin There is a new man at global specialty lines platform Sompo Canopius as the company signals its strong intentions for the Asia region.

Mark Newman has taken up the role of chief executive officer for the Asia Pacific, Middle East and North Africa regions and will be based in the firm’s Singapore office.

Newman is highly regarded throughout the area having previously been XL Catlin’s head of Asia and deputy chief executive for the Asia Pacific region. Prior to the XL takeover of Catlin, he was the latter firm’s CEO of Asia Pacific.
Sompo Canopius has had an office in Singapore since 2009 and a long established record of writing business in the wider region. The arrival of Newman in the new role is said to be part of a focus on expanding and improving the business, including looking at broader geographical coverage. 

Commenting on the appointment, Mike Duffy, the firm’s chief underwriting officer, outlined the importance of investing in highly regarded new hires.

“It’s important for us to invest in talented people as we work to move Sompo Canopius on to a more nimble footing,” he said. “Mark is well known and respected across the Asia Pacific, Middle East and North Africa markets and he will bring a new level of insight and a different perspective to our business in those areas.”

Newman meanwhile, outlined his own positivity for the new role.

“There’s a positive vibe about Sompo Canopius,” he said. “I am looking forward to setting the long term vision and then working with the team to build a sustainable and profitable business.”

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