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Canopius names head of newly created trade political risk unit

Canopius names head of newly created trade political risk unit | Insurance Business

Canopius names head of newly created trade political risk unit

To lead its newly-established trade political risk unit, Canopius has hired Crispin Hodges to serve as the unit’s head.

Hodges, who will be based in London in his new role, will report to Canopius head of credit, political & crisis Bernie de Haldevang. A release said that he officially begins his new role on October 28, 2019.

The trade political risk (TPR) unit is a newly created profit & loss (P&L) unit, joining Canopius’s other P&L teams within the credit, political & crisis (CPC) division of excess of loss trade credit (XTR), credit & political risk (CPR) and crisis management (CM). It is comprised of the syndicate 1861 political book of business that was previously managed by AmTrust at Lloyd’s.

Hodges’ role will be to manage this new unit independently within CPC, developing the existing book in a standalone team. Canopius has revealed that more hires for the team will be announced shortly. He has over 20 years of global industry experience and most recently served as international business producer for Beazley, where he reported to the three global heads of property, marine, and political, accident & contingency. In that role, Hodges focused on the business’s strategic ambitions in Europe, Canada and Latin America, a release noted.

“Alongside Crispin’s specific experience in the contract frustration and political risk class, and profitable underwriting track record, he has many contacts globally, having worked in London and Paris, and in regional hubs such as Singapore and Dubai. He is ideally suited to develop this part of our credit and political risk book,” commented Canopius head of credit, political & crisis Bernie de Haldevang.