Canopius boosts APAC expansion
Canopius boosts APAC expansion | Insurance Business Asia
Insurance News
Canopius boosts APAC expansion
New senior hires to expand its offering in the region
Insurance News
By
Roxanne Libatique
Global specialty re/insurer Canopius Group (Canopius) has continued its APAC expansion by making two senior appointments, effective immediately.
Andrew Parker joined Canopius as the head of treaty for Australia and New Zealand and head of casualty treaty for Asia Pacific. With 33 years of experience, he joined the company after spending eight years at Aspen Re in Sydney, where he was most recently the head of Australia and New Zealand. During his time with Aspen Re, he was credited for developing the company’s P&C operations in Australia, doubling its premiums since 2015.
Paul Wedlock joined Canopius as the head of property treaty for Australia and New Zealand. He has over 12 years of experience in pricing across a breadth of reinsurance classes in Australia, New Zealand, and the US. Like Parker, Wedlock joined Canopius from Aspen Re, where he was the head of property for Australia and New Zealand, responsible for growing and developing the regional treaty portfolio.
Based in Sydney, Parker and Wedlock will lead the expansion of Canopius’ reinsurance offering in the APAC region. They will work with Peter Mattei who will take on the role of casualty treaty underwriter and Liza Aparicio as office manager.
Natt Wattanaumphaipong, deputy CUO and head of reinsurance APAC at Canopius, welcomed the new hires to the APAC team: “Andrew, Paul, and the team bring deep expertise to Canopius. Their proven track record in managing complex reinsurance portfolios has earned them their highly respected reputations in the market. I am pleased to welcome all four to the business and look forward to working with them as we pursue ambitious plans for profitable growth.”
Commenting on his appointment, Parker said: “Canopius has rapidly established itself as a leader in the Australian P&C market. The offering is second to none and the growth ambitions, underpinned by exceptionally talented underwriters, made this an easy decision. We are relishing the prospect of supporting the momentum and look forward to working with Natt and the rest of the team in Sydney, Melbourne, and across Asia Pacific.”
APAC expansion
Canopius has hired six new team members in Australia since February this year, with the addition of Parker, Wedlock, Mattei, and Aparicio reflecting the company’s commitment to the specialty reinsurance market in Australia.
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