Canopius Unveils New Natural Resources Team for Enhanced Re/Insurance Solutions

Canopius, the international specialty and property/casualty re/insurer, has announced the formation of its consolidated Natural Resources team in response to increasing market demand.

This newly formed team encompasses various sectors, including energy, heavy industry, and construction, to better align with how brokers allocate business within these classes. The team is equipped to write across upstream, midstream, and downstream energy, as well as power and renewables, mining, metals, and chemicals. This strategic alignment ensures that risks are placed effectively in the market.

The consolidation of these sectors will empower underwriters to collaborate closely with brokers, crafting bespoke, cross-class solutions tailored to their clients’ unique needs. This initiative reinforces Canopius’s commitment to delivering optimal products for insureds.

Additionally, the team will integrate technical specialists, in-house engineers, and claims experts, facilitating efficient and proactive knowledge sharing regarding emerging risks. This collaborative approach will inform risk mitigation strategies and contribute to the development of customized insurance products.

To enhance coverage, the team will offer additional products such as sabotage and terrorism, cyber, project cargo, and casualty, complementing the core offerings. This comprehensive strategy will ensure a hands-on claims approach, driving seamless operations throughout the entire insurance lifecycle.

“Our main goal is always to find the best and most efficient way to help our brokers deliver for their clients,” remarked Mark Houghton, global product leader – Specialty at Canopius. “With upstream, midstream, and downstream energy, as well as power and renewables, mining, metals, and chemicals being interconnected, we wanted to ensure we were optimally structured to reflect the fact that they often require similar expertise,” he added. “With a consolidated team, we can provide a more efficient service across the whole lifecycle from risk mitigation to claims.”

Source: Canopius Group

Topics
Carriers
New Markets
Reinsurance

Canopius, the international specialty and property/casualty re/insurer, has announced the formation of its consolidated Natural Resources team in response to increasing market demand.

This newly formed team encompasses various sectors, including energy, heavy industry, and construction, to better align with how brokers allocate business within these classes. The team is equipped to write across upstream, midstream, and downstream energy, as well as power and renewables, mining, metals, and chemicals. This strategic alignment ensures that risks are placed effectively in the market.

The consolidation of these sectors will empower underwriters to collaborate closely with brokers, crafting bespoke, cross-class solutions tailored to their clients’ unique needs. This initiative reinforces Canopius’s commitment to delivering optimal products for insureds.

Additionally, the team will integrate technical specialists, in-house engineers, and claims experts, facilitating efficient and proactive knowledge sharing regarding emerging risks. This collaborative approach will inform risk mitigation strategies and contribute to the development of customized insurance products.

To enhance coverage, the team will offer additional products such as sabotage and terrorism, cyber, project cargo, and casualty, complementing the core offerings. This comprehensive strategy will ensure a hands-on claims approach, driving seamless operations throughout the entire insurance lifecycle.

“Our main goal is always to find the best and most efficient way to help our brokers deliver for their clients,” remarked Mark Houghton, global product leader – Specialty at Canopius. “With upstream, midstream, and downstream energy, as well as power and renewables, mining, metals, and chemicals being interconnected, we wanted to ensure we were optimally structured to reflect the fact that they often require similar expertise,” he added. “With a consolidated team, we can provide a more efficient service across the whole lifecycle from risk mitigation to claims.”

Source: Canopius Group

Topics
Carriers
New Markets
Reinsurance