Canopius: Everything you need to know
22 Bishopsgate, London EC2N 4BQ, United Kingdom
Gross written premiums
|US$2,338 million (2022)
|Australia, Bermuda, China, the Netherlands, Singapore, UK, US
Accident & health; casualty; credit, political and crisis management; cyber; delegated authority; energy; heavy industry and engineering; marine; open market property; reinsurance; space; specialist consumer product; specie; VAVE
Neil Robertson – Group Chief Executive Officer
Nick Betteridge – Chief Actuary
Gabby Folliard – Chief Claims Officer
Mark Newman – Chief Executive (APAC)
Sarah Willmont – Chief Executive (UK)
Lisa Davis – Chief Executive (US & Bermuda)
Gavin Philips – Chief Financial Officer
Barbara Turner – Chief HR Officer
Kate Roy – Chief Operating Officer
Lindsay Astor – Chief of Staff/ Head of Strategic Development
Mike Duffy – Chief Underwriting Officer
Sheldon Lacy – Chief Risk & Governance Officer
Canopius is a global specialty (re)insurer that has underwriting operations in Australia, Bermuda, China, Singapore, The Netherlands, the UK, and the USA. Its products and services are divided into two business lines:
The company’s ILS platform also gives investors access to the (re)insurance markets through underwriting and distribution of the Canopius group.
History of Canopius
Canopius was established via a management buyout in December 2003, with £25 million equity capital. Throughout the years, the company has grown through acquisitions and organic expansion.
The company’s name reflects its heritage, linking back to Nathaniel Canopius, who was a Cretan scholar known to have brewed the first cup of coffee in England in 1637. In the 17th century, Edward Lloyd’s coffee house became recognised for taking out marine insurance in London. Canopius eventually became heavily associated with the Lloyd’s market, which remains at the core of the company’s operations.
Leadership at Canopius
Neil Robertson – Group CEO
Robertson was appointed as group chief executive officer in January 2022, succeeding Michael Watson, who continued in his role as group chairman. Robertson joined Canopius as deputy group CEO in May 2021.
As group CEO, he leads Canopius in setting and achieving its strategic ambitions, furthering its distinctiveness, and delivering enhanced returns for our shareholders, all while creating a culture in which its employees can thrive. Robertson also focuses on developing its Asia-Pacific, Bermudian and US operations, while continuing to build brand recognition as a leading London specialty (re)insurer.
Michael Watson – Group chairman
Watson is the executive chairman of Canopius. He is a chartered accountant and has more than 40 years of experience in commercial and investment banking, stock broking, trade finance, and life and non-life insurance.
Watson led the original management buyout of Canopius in 2003 and 2018. He is also the director of Weston Insurance Holdings Corporation and serves on Lloyd’s Council.
Culture at Canopius
Canopius promotes equality and diversity in the workplace. In 2019, the company made changes to drop its mean salary gap further and increase female representation at the highest levels of the firm.
The company also improved its family-friendly policies by amending its approach to maternity, paternity and shared parental leaves as well as encouraging working parents by introducing “maternity & family buddies.” The programme allows “buddies” to share advice on planning for upcoming parental leave, how to prepare for their return to the office, and how to keep in touch.
Two key leaders tapped for integral roles
Enhancement comes alongside the renewal of agreements with existing reinsurers
She was previously an active underwriter for a syndicate
They will bolster the teams in London and APAC
New position will be important for supporting the firm's MGA and broking platform