Canopius
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The carrier previously raised a Finca Re cat bond in 2022. -
The pair join from Validus Re and Axa XL.
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Various trends may work together to hold the cat markets up for longer than some had feared.
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Charles Cooper will be responsible for the development of a significant growth driver for the business.
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Charity Bare joins from Nephila Syndicate Management Limited, where she spent five years as director of risk and compliance.
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The exit highlights increasingly difficult conditions in the retro and reinsurance markets.
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In her new role, the executive will oversee actuarial reserving functions and technical pricing for business underwritten in the US and Bermuda markets.
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Geoffrey Saville spent nine years at WTW and the Met Office.
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Pricing has settled at the top end of the reinsurer’s original guidance.
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It is the reinsurance company’s first entry to the cat bond market.
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CUO Mike Duffy predicts MGA will become “the future of Lloyd’s”.
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The Michael Watson-led business has yet to appoint banks and may not pull the trigger on the move.
