HomeInsuranceCanopius expands into US extra casualty marketplace

Canopius expands into US extra casualty marketplace

Canopius expands into US extra casualty marketplace | Insurance coverage Trade The united states

The function is to ‘make an important have an effect on’, new head says

Canopius expands into US excess casualty market

Insurance coverage Information

By way of
Jen Frost

World (re)insurer Canopius has entered the home US extra casualty marketplace on Canopius US Insurance coverage Corporate paper and has appointed Jude DiBattista US head of extra casualty.

“This initiative underscores Canopius’ dedication to increasing its footprint in the United States insurance coverage sector and embellishing its casualty functions,” Canopius mentioned in a press free up shared with Insurance coverage Trade.

The insurer will focal point on business dangers, with a “specialised manner” in area of interest verticals together with development, business real-estate, hospitality, production, and generation.

“The E&S extra casualty marketplace has transform one of the crucial fastest-growing markets within the insurance coverage trade and this fast expansion has supplied a chance for Canopius to go into the marketplace and be offering a specialised resolution for our consumers,” mentioned Laurie Banez, Canopius head of casualty, U.S. & Bermuda.

“Underneath Jude’s management, we’ll ship underwriting excellence and cutting edge risk-based answers for our wholesale distribution companions.”

DiBattista named to guide Canopius extra casualty push

DiBattista has greater than thirty years of casualty E&S revel in, having maximum lately served as GuideOne VP of E&S casualty. During the last decade, he has additionally held senior roles at National, QBE, and Aspen.

“It’s an honor and a privilege to be a part of the Canopius group, and I’m very enthusiastic about the chance to construct this crew and product providing from the ground-up,” mentioned DiBattista. “I’m additionally delighted with the corporate’s dedication to make bigger into the impulsively rising extra casualty surplus traces marketplace.

“Our imaginative and prescient facilities round offering complete merchandise adapted to various shoppers, aggressive phrases and prerequisites, and area of interest underwriting experience our companions will price.

“Without equal function is to fortify our price proposition and make an important have an effect on inside the marketplace.”

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