Canopius signs underwriting deal with MGA Anvil

Specialty re/insurer Canopius has signed an underwriting partnership with credit and political risk managing general agent (MGA) Anvil Underwriting.

Anvil will underwrite credit insurance, contract frustration and political risks on behalf of Canopius. The partnership will enable Canopius to provide policy limits of up to $25 million and tenor of up to ten years for contract frustration and up to $15 million and tenor of maximum seven years for trade and non-trade credit risk.

“This agreement provides a great opportunity for Canopius and Anvil to provide a complementary means to access the credit and political risk market and will allow us to show a nuanced risk appetite," said Bernie de Haldevang, head of specialty at Canopius.

"I am delighted that we now have this agreement up and running, and encouraged by the interest that Anvil has already been seeing across the market. The agreement is now in force and we look forward to providing the market with increased flexibility and underwriting expertise.”

Navaid Farooq, managing director at Anvil, said: “Through this partnership with Canopius we can deliver cover for more credit and contract frustration risks as well as political risks, offering significant benefit to our clients. Through this arrangement Canopius will cover 100 percent of the risks for Anvil’s clients and be able to build a high quality book.”

Get all the latest re/insurance industry news with our daily newsletter - sign up here.

More of today's news

Waiting for a $250bn industry loss

Munich Re subsidiary NewRe appoints new CUO to drive P&C growth

Chinese giant PICC partners with blockchain VeChain and DNV

Tokio Marine swoops for Munich Re head of cyber innovation

Swiss Re UK & Ireland CEO steps down

Hiscox partners with US insurtech for claims handling

Everest hires Lloyd's Vandendael to lead global expansion

Kingstone taps insurtech Roost for home telematics

Talbot looks to grow A&H book globally with senior Chubb hire

Don't miss our insurtech email newsletter - sign up today

Already registered?

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

More on this story

Insurance

Canopius eyes Asia Pacific expansion with key hires

22 October 2018 Specialty re/insurer Canopius has revealed a series of key appointments to expand its business across the Asia Pacific region.

Insurance

Canopius strengthens specialty unit with Chubb hire

28 August 2018 Specialty re/insurer Canopius has hired Sean Redden for a new London-based role as underwriting counsel for its specialty division, with a specific focus on credit and political risk.

Insurance

Canopius appoints reinsurance Europe head from Emirates Re

24 May 2018 Specialty re/insurer Canopius has appointed Stephan Ott as its new head for Continental Europe, reinsurance.