CHICAGO – September 18th – Canopius Group, a leading global specialty (re)insurer, announced today the strategic expansion of its U.S. Casualty business with its entry into the domestic U.S. Excess Casualty market on Canopius U.S. Insurance Company paper. This initiative reflects Canopius’ commitment to expanding its footprint within the U.S. insurance sector while enhancing its capabilities in the Casualty domain.
In entering the U.S. Excess Casualty market, Canopius will concentrate on commercial risks, employing a specialized approach within niche verticals such as construction, commercial real estate, hospitality, manufacturing, and technology. This diversification across multiple sectors underscores Canopius’ dedication to empowering its partners in the U.S. surplus lines insurance sector, enabling them to compete effectively in a dynamic marketplace.
Laurie Banez, Head of Casualty, U.S. & Bermuda, stated, “The E&S Excess Casualty market has become one of the fastest-growing markets in the insurance industry and this rapid growth has provided an opportunity for Canopius to enter the market and offer a specialized solution for our customers. We are committed to delivering underwriting excellence and innovative risk-based solutions for our wholesale distribution partners.”
This strategic expansion aligns seamlessly with Canopius’ overarching vision, which centers on offering comprehensive products tailored to a diverse clientele. The company aims to provide competitive terms and conditions, coupled with niche underwriting expertise, all of which are valued by its partners.
ABOUT CANOPIUS
Canopius is a global specialty (re)insurer with underwriting operations in Australia, Bermuda, China, Singapore, the U.K., and the U.S. It underwrites through Lloyd’s Syndicate 4444 (managed by Canopius Managing Agents Limited), a U.S. surplus lines insurer, Canopius US Insurance, Inc and Canopius Reinsurance Ltd, a Bermuda-based Class 4 Insurer.
Media Contact
Kristin Sommers
Ditto PR on behalf of Canopius US
+1 973 715 3230
kristin@dittopr.co
