The aim is to ‘make a big impression’, new head says
“This initiative underscores Canopius’ dedication to increasing its footprint within the US insurance coverage sector and enhancing its casualty capabilities,” Canopius mentioned in a press launch shared with Insurance coverage Enterprise.
The insurer will give attention to business dangers, with a “specialised strategy” in area of interest verticals together with building, business real-estate, hospitality, manufacturing, and expertise.
“The E&S extra casualty market has turn out to be one of many fastest-growing markets within the insurance coverage trade and this fast development has supplied a possibility for Canopius to enter the market and provide a specialised resolution for our prospects,” mentioned Laurie Banez, Canopius head of casualty, U.S. & Bermuda.
“Beneath Jude’s management, we’ll ship underwriting excellence and revolutionary risk-based options for our wholesale distribution companions.”
“It’s an honor and a privilege to be a part of the Canopius group, and I’m very excited in regards to the alternative to construct this staff and product providing from the ground-up,” mentioned DiBattista. “I’m additionally thrilled with the corporate’s dedication to broaden into the quickly rising extra casualty surplus strains market.
“Our imaginative and prescient facilities round offering complete merchandise tailor-made to numerous shoppers, aggressive phrases and circumstances, and area of interest underwriting experience our companions will worth.
“The final word aim is to reinforce our price proposition and make a big impression inside the market.”
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