Canopius expands into US excess casualty market
Canopius expands into US excess casualty market | Insurance Business America
Insurance News
Canopius expands into US excess casualty market
The goal is to ‘make a significant impact’, new head says
Insurance News
By
Jen Frost
Global (re)insurer Canopius has entered the domestic US excess casualty market on Canopius US Insurance Company paper and has appointed Jude DiBattista US head of excess casualty.
“This initiative underscores Canopius’ commitment to expanding its footprint in the US insurance sector and enhancing its casualty capabilities,” Canopius said in a press release shared with Insurance Business.
The insurer will focus on commercial risks, with a “specialized approach” in niche verticals including construction, commercial real-estate, hospitality, manufacturing, and technology.
“The E&S excess casualty market has become one of the fastest-growing markets in the insurance industry and this rapid growth has provided an opportunity for Canopius to enter the market and offer a specialized solution for our customers,” said 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 lead Canopius excess casualty push
DiBattista has more than thirty years of casualty E&S experience, having most recently served as GuideOne VP of E&S casualty. Over the past decade, he has also 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,” said DiBattista. “I am also thrilled with the company’s commitment to expand into the rapidly growing excess casualty surplus lines market.
“Our vision centers around providing comprehensive products tailored to diverse clients, competitive terms and conditions, and niche underwriting expertise our partners will value.
“The ultimate goal is to enhance our value proposition and make a significant impact within the market.”
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