Canopius expands in Asia Pacific with new Australia office; hires Tokio Marine exec
Specialty re/insurer Canopius is launching a new office in Sydney, Australia as part of its strategy to expand in the Asia Pacific region.
Subject to regulatory approval, the local entity will open to underwrite business in time for the 30th June renewal season.
The Sydney operation will provide a local underwriting hub for business in Australia and New Zealand, targeting a combination of SME business via coverholders, wholesale direct and facultative, as well as reinsurance treaty business.
The new office will be led by Claudio Saita, who joins Canopius as country manager Australia & Pacific and will become a member of the newly established Canopius Asia Pacific leadership team. He will report to Mark Newman, CEO APAC & MENA.
Previously, Saita was deputy CEO and executive director of Tokio Marine Management Australasia.
Newman said: “I am delighted that Claudio has joined us. His significant experience and knowledge will help us as we pursue further growth in this priority market. Claudio has forged excellent distribution relationships, often built around modern technology, which will be a differentiator for Canopius as we target profitable business throughout the Pacific region.”
Saita commented: “Growing the Canopius portfolio in Australia and New Zealand is a very exciting proposition. This region presents significant opportunities for committed and locally empowered carriers that embrace technology, and I look forward to working with Mark and our team on the next steps in the Canopius APAC journey.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
Veteran Stephen Catlin launches re/insurance start-up with $1.8bn capital raise
AXA UK remodel places claims roles at risk of redundancy
CLS Risk Solutions secures CEO to wake ‘sleeping giant’
BIBA teams up with MGA Opus for new intellectual property scheme
Join us at Intelligent Automation & AI in Insurance - 21st May: London
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze