Canopius unveils new business amid market hardening

Global specialty re/insurer C anopius Group has made a strategic move into medical malpractice insurance with a key appointment from Coverys Syndicate. The executive views the current market, with rates hardening and reduced capacity, as an exciting time to launch the new division.

Canopius’ new medical malpractice business will underwrite a combination of international healthcare risks, with a focus on the US market.

Ashley Moulton (pictured), the newly appointed healthcare underwriter, will be joined by further new hires in due course with ambitious growth targets set for the new offering, the company said.

Moulton has more than a decade of medical malpractice, life sciences and liability experience. She joins from Coverys Syndicate 1975 where she was responsible for the growth of the life sciences binder book and the build out of the US medical malpractice portfolio. Prior to that, she served as an underwriter in CFC Underwriting’s life sciences division. Moulton began her career at QBE in 2011, where she progressed to an international liability underwriter.

Alois Rouffiac, UK chief underwriting officer and active underwriter, Canopius, said: “Ashley brings the perfect blend of technical underwriting skills and commercial acumen that will ensure the swift success of our new medical malpractice business. This market is primed for new entrants, and I am confident that clients and brokers will benefit from Ashley’s service-focused approach, the new capacity and Canopius’ recognised long term commitment to every class we enter.”

Moulton commented: “Canopius is the ideal home to build a new healthcare portfolio. The growth across the business has been exceptional and its talent and strategy are compelling. With rates hardening and the market adapting to a number of carriers reducing capacity, it is an exciting time to launch a new division at an innovative organisation like Canopius. I am confident our new healthcare business will quickly grow from strength to strength.”

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