Canopius expands into US excess casualty market

World (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 stated in a press launch shared with Insurance coverage Enterprise.

The insurer will give attention to industrial dangers, with a “specialised method” in area of interest verticals together with building, industrial real-estate, hospitality, manufacturing, and know-how.

“The E&S extra casualty market has grow to be one of many fastest-growing markets within the insurance coverage business and this fast progress has offered a chance for Canopius to enter the market and provide a specialised answer for our clients,” stated Laurie Banez, Canopius head of casualty, U.S. & Bermuda.

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

DiBattista named to guide 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 concerning the alternative to construct this crew and product providing from the ground-up,” stated DiBattista. “I’m additionally thrilled with the corporate’s dedication to develop into the quickly rising extra casualty surplus traces market.

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

“The last word objective is to boost our price proposition and make a big affect throughout the market.”