Canopius Group Limited (“Canopius”), a leading specialist insurance underwriting business, today announces a number of changes in its Professional Indemnity underwriting strategy and management.
In keeping with its UK retail strategy, Canopius will focus its Professional Indemnity account predominantly on smaller UK professional organisations in the future. This portfolio will remain under the leadership of David Hunwick, Head of Professional Indemnity, Canopius Underwriting Limited, who has a successful and proven track record in this area.
At the same time, Canopius will continue its strategic partnerships with certain coverholders in the UK and overseas who focus on similar “SME” Professional Indemnity business. These relationships will continue to be managed by Jeremy Hyne.
Canopius is withdrawing, with immediate effect, from open market Professional Indemnity business that does not fit with this SME retail focus. As a consequence of these changes, Russell Newell and Alex Dyer will be leaving the organisation.
Source : Canopius Press Release
