7 March 2017Insurance

Sompo Canopius expands mining cover capacity via Lloyd’s consortium

Sompo Canopius, a specialty re/insurance subsidiary of Sompo Japan Nipponkoa Holdings, has secured additional capacity for its mining cover from Travelers Syndicate 5000 at Lloyd’s.

The move takes the full capacity for Sompo Canopius' mining portfolio up to $30 million. The cover will be underwritten by Spencer Pearce as a consortium through Lloyd’s.

Spencer Pearce joined Sompo Canopius in September 2016 to run the heavy industry business, a new line for the group that covers mining, chemical and heavy industrial property business globally.

Pearce said: "Since I joined Sompo Canopius, we have been working hard to ensure that we offer our brokers and clients the best and most appropriate products.

"With the recent hire of  Andy Fynn as senior mining engineer and this new agreement with Travelers, I am confident that our capacity and expert knowledge mean brokers need not look anywhere else to place their mining risks."

Today’s top stories

AIG appoints new chief information officer as Fasano resigns

Direct Line optimistic on outlook despite Ogden rate impact

Aon Risk Solutions appoints new UK CEO as Tunnicliffe steps down

Rountree replaces Barrette at OneBeacon Insurance

Fidelis names new CFO succeeding Neil McConachie

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

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
30 January 2017   Sompo Canopius has appointed Andy Fynn as mining engineer under the head of heavy industry Spencer Pearce.
Insurance
5 September 2016   Sompo Canopius, a specialty re/insurer, has appointed Spencer Pearce as head of heavy industry.