Canopius

Canopius Group, the global specialty insurance and reinsurance underwriter, has successfully secured a renewal and upsizing for its catastrophe bond, with the new Finca Re Ltd. (Series 2025-1) issuance priced to provide the targeted $125 million of protection at a spread fixed at the low-end of guidance, Artemis can report.

Canopius Group, the global specialty insurance and reinsurance underwriter, has returned to the catastrophe bond market looking to renew and upsize on a soon to mature deal with what will be its second cat bond, targeting $125 million or more in protection from this Finca Re Ltd. (Series 2025-1) issuance, Artemis has learned.

Canopius Reinsurance (Canopius Re), the dedicated reinsurance arm of specialty re/insurance underwriter the Canopius Group, has announced the hiring of a new CUO and CFO in Bermuda, as it looks to build-out a team tasked with expanding its reinsurance capacity, part of which will come from third-party investors.

Charles Cooper, the former Chief Executive Officer (CEO) of Reinsurance in Bermuda at AXA XL, has been announced as the new Global Head of Reinsurance and CEO of Canopius’ Bermuda-based businesses, effective September 1st, 2023.

Specialty insurance and reinsurance underwriter the Canopius Group has now secured its first ever 144A catastrophe bond, after the debut Finca Re Ltd. (Series 2022-1) transaction priced to provide the company with $75 million of peak US catastrophe reinsurance protection.

Specialty insurance and reinsurance underwriter the Canopius Group has entered the 144A catastrophe bond market for the first time, seeking $75 million or more in peak US catastrophe reinsurance protection with a debut Finca Re Ltd. (Series 2022-1) transaction.

Specialty insurance and reinsurance group Canopius has announced a restructure and has named Charles Craigs, who has led much of the firm’s activities in insurance-linked securities (ILS) and third-party capital, as its new Group Head of Reinsurance.

Global specialty insurance and reinsurance group Canopius has expanded the utility and importance of its Bermuda reinsurance  and insurance-linked securities (ILS) platform, reclassifying its reinsurer Canopius Re to have a Class 4 Reinsurer licence.

Global specialty insurance and reinsurance group Canopius has announced the hiring of Marco Silva, who was previously at SCOR and has worked on ILS and collateralised retrocession transactions, as a property treaty reinsurance underwriter.