Canopius expands into US extra casualty market

International (re)insurer Canopius has entered the home US extra casualty market on Canopius US Insurance coverage Firm paper and has appointed Jude DiBattista US head of extra casualty.

“This initiative underscores Canopius’ dedication to increasing its footprint within the US insurance coverage sector and enhancing its casualty capabilities,” Canopius mentioned in a press launch shared with Insurance coverage Enterprise.

The insurer will concentrate on business dangers, with a “specialised method” in area of interest verticals together with building, business real-estate, hospitality, manufacturing, and expertise.

“The E&S extra casualty market has change into one of many fastest-growing markets within the insurance coverage trade and this fast development has supplied a possibility for Canopius to enter the market and provide a specialised answer for our prospects,” mentioned Laurie Banez, Canopius head of casualty, U.S. & Bermuda.

“Below Jude’s management, we’ll ship underwriting excellence and modern risk-based options for our wholesale distribution companions.”

DiBattista named to steer Canopius extra casualty push

DiBattista has greater than thirty years of casualty E&S expertise, having most just lately served as GuideOne VP of E&S casualty. Over the previous decade, he has additionally held senior roles at Nationwide, QBE, and Aspen.

“It’s an honor and a privilege to be a part of the Canopius group, and I’m very excited in regards to the alternative to construct this staff and product providing from the ground-up,” mentioned DiBattista. “I’m additionally thrilled with the corporate’s dedication to develop into the quickly rising extra casualty surplus strains market.

“Our imaginative and prescient facilities round offering complete merchandise tailor-made to various shoppers, aggressive phrases and situations, and area of interest underwriting experience our companions will worth.

“The final word aim is to reinforce our price proposition and make a major influence throughout the market.”