Canopius unveils top management with Brit, Exari execs

Specialty re/insurer Canopius has appointed Laurie Davison as group chief operating officer (COO) and Nigel Meyer as group chief financial officer.

The announcements follow the completion of Canopius' sale by Sompo Japan Nipponkoa Insurance to a private equity consortium led by Centerbridge Partners.

Meyer will join the group later in the year. He is currently COO at Brit Insurance, where he also previously served as CFO. He has worked in the insurance industry for more than 20 years, having held senior finance positions within Aviva and RSA.

Commenting on Meyer's departure, Matthew Wilson, Brit CEO said: “Since joining Brit, Nigel has made a significant contribution to the Group, playing a key role in a number of major strategic milestones. We have an exceptionally strong management team and significant bench strength within operations. We now have an opportunity to further strengthen the operations team and Brit’s Executive Committee to continue to build on our success.

Davison was previously chief operating officer at Exari Group. She will join Canopius in April, having spent 20 years in the technology and insurance sectors, including roles at Exari, Adsensa, Faraday and Xchanging.

Michael Watson, Canopius chairman commented: “In a week full of good news for Canopius, I am delighted to announce these two new members of our senior team. Laurie understands our industry very well, bringing with her substantial experience on both the customer and insurer sides as well as deep technology expertise. Nigel’s experience across Lloyd’s and general insurance, his ability to manage a variety of stakeholders and regulators, and understanding of private equity ownership will be a great asset to Canopius. Together they bring excellent strength and breadth to our team.”

Meyer said: “With Canopius moving into a new era of private ownership and against the market trend of consolidation, it has an extraordinary opportunity to build on its position as a top ten Lloyd’s insurer. I am looking forward to being part of that growth.”

Davison commented: “It is an exciting time to be joining Canopius. I am impressed by the ambition and strategy of the group and I look forward to being part of the leadership team that moves the business forward, pulling together the different operational strands and ensuring we provide the best service possible to our brokers and clients.”

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