LONDON – 13th February 2025 – Canopius Group, a leading global specialty and P&C (re)insurer, is pleased to announce it has been named Cyber Insurance Carrier of the Year at Intelligent Insurer’s Cyber Insurance Awards Europe 2025.
This award recognises the company that has demonstrated unparalleled excellence in terms of policies, innovation and customer service as well as playing a critical role in advancing the cyber insurance landscape more broadly. The Cyber team received the honour during the awards ceremony on 5th February 2025.
Canopius has become one of the largest cyber underwriters at Lloyd’s and one of the main specialty providers in the European market. The £200m+ cyber book now comprises of some of Europe’s most challenging risks and is the lead market for major panels counting insureds from Belgium to Bulgaria.
With a 50-strong headcount, Canopius is a long-term, sustainable partner to its insureds, maintaining a comprehensive view of evolving cyber risks and fostering collaboration across its underwriting, claims, cyber incident management, threat intelligence and analytics teams.
The team’s threat intelligence services offer valuable insights to help clients understand potential threats and enhance their security measures. When attacks do occur, the 100% in-house global cyber incident management team is available 24/7, 365 days a year to respond and triage issues, ensuring swift resolution for clients. Canopius also ensures the paying of valid claims as quickly as possible to mitigate financial losses.
Canopius’ cyber team has set a new standard for cyber underwriting, demonstrating a commitment to the market and to the advancement of cyber insurance at every point of the risk chain.
Michael Shen, Head of Cyber & Technology, London Market at Canopius, said: “Cyber risk is ever increasing, and malicious actors are constantly evolving and adapting their techniques to exploit businesses. Canopius is proud to be at the forefront of helping businesses tackle such a colossal challenge and prioritises improving service standards across the board.
“Our team has worked incredibly hard over the past few years, and we are delighted to be recognised by the industry for our accomplishments.”
