Canopius looks to Swiss Re for top leadership position in US

Global specialty re/insurer  Canopius is ramping up with new hires and growth capacity to strengthen operations and broaden its offerings in the US. The latest addition to its top leadership team is a Swiss Re recruit with over 25 years’ experience in the insurance market.

Greg Alcazar (pictured) has been appointed as new chief financial officer (CEO) for Canopius’ US operations. He will lead Canopius USA’s finance and actuarial team.

Alcazar most recently was with Elipslife, a subsidiary of Swiss Re, where he served as CFO and senior vice president. Prior to that, he was at Kemper where he held numerous top leadership positions including serving as a senior executive in the life group as the vice president life and health, group CFO and overseeing finance and billing operations as Kemper Direct’s CFO, VP of finance & billing operations.

Canopius recently entered into a new agreement with Samsung Fire and Marine Insurance (SFMI) to underwrite US admitted business on SFMI’s highly rated A++ paper. This complements Canopius USA’s existing ability to write non-admitted business on Canopius US Insurance (CUSI) A- paper, and through Canopius Lloyd’s Syndicate 4444.

Canopius USA has almost doubled its gross written premiums in both 2020 and 2021.

“We are pleased to welcome Greg to our team. He joins at the perfect time as Canopius USA is ramping up with new hires, new capacity and a growing business,” said Lisa Davis, Canopius USA president and chief underwriter.

“We are working hard to strengthen operations as we broaden our offerings, and Greg will be an important part of our leadership to ensure a stable and profitable business that will benefit all key stakeholders.”

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