CHICAGO – 21 December 2021 – Canopius Group, a leading global specialty (re)insurer, today announced the appointment of Greg Alcazar as Chief Financial Officer for its US operations. Alcazar assumed his position on December 20, leading Canopius USA’s Finance and Actuarial team.
Alcazar brings over 25 years of insurance leadership experience, most recently with Elipslife (subsidiary of Swiss Re) where he was the Chief Financial Officer and Senior Vice President. Prior to that, Alcazar was at Kemper where he held numerous top leadership positions including serving as a senior executive in the Life group as the Vice President Life and Health, Group CFO and overseeing finance and billing operations as Kemper Direct’s CFO, VP of Finance & Billing Operations.
Canopius Group announced in November, a new agreement with Samsung Fire and Marine Insurance (SFMI) to underwrite US admitted business on SFMI’s highly rated A++ paper. This complements Canopius USA’s existing ability to write non-admitted business on Canopius US Insurance, Inc. (CUSI) A- paper, and through Canopius Lloyd’s Syndicate 4444. Canopius USA is on a path of significant growth having almost doubled its gross written premiums in both 2020 and 2021.
“We are pleased to welcome Greg to our team. He joins at the perfect time as Canopius USA is ramping up with new hires, new capacity and a growing business,” said Lisa Davis, Canopius USA President and Chief Underwriter. “We are working hard to strengthen operations as we broaden our offerings, and Greg will be an important part of our leadership to ensure a stable and profitable business that will benefit all key stakeholders.”
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About Canopius USA
Canopius USA is a specialty insurer with experienced teams serving clients throughout the United States. Canopius USA has the ability to write business on multiple platforms and paper, including SFMI A++ (admitted), Canopius’ Lloyd’s of London Syndicate 4444 (non-admitted) and Excess & Surplus (E&S) business through Canopius US Insurance, Inc. (CUSI).
About Canopius
Canopius is a global specialty (re)insurer with underwriting operations in Australia, Bermuda, China, Singapore, the UK and US. It underwrites through Lloyd’s Syndicate 4444 (managed by Canopius Managing Agents Limited), a US surplus lines insurer, Canopius US Insurance, Inc and Canopius Reinsurance Ltd, a Bermuda based Class 4 Reinsurer.
For more information, visit www.canopius.com
