The purpose is to ‘make a major impression’, new head says
“This initiative underscores Canopius’ commitment to expanding its footprint in the US insurance sector and enhancing its casualty capabilities,” Canopius stated in a press launch shared with Insurance Business.
The insurer will concentrate on business dangers, with a “specialized approach” in area of interest verticals together with development, business real-estate, hospitality, manufacturing, and know-how.
“The E&S extra casualty market has develop into one of many fastest-growing markets within the insurance coverage trade and this fast development has offered a possibility for Canopius to enter the market and provide a specialised resolution for our prospects,” stated Laurie Banez, Canopius head of casualty, U.S. & Bermuda.
“Under Jude’s leadership, we’ll deliver underwriting excellence and innovative risk-based solutions for our wholesale distribution partners.”
DiBattista named to guide Canopius extra casualty push
DiBattista has greater than thirty years of casualty E&S expertise, having most not too long ago 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 part of the Canopius organization, and I am very excited about the opportunity to build this team and product offering from the ground-up,” stated 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 numerous purchasers, aggressive phrases and situations, and area of interest underwriting experience our companions will worth.
“The ultimate goal is to enhance our value proposition and make a significant impact within the market.”
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