Sompo Canopius poaches Montpelier exec for marine role

Sompo Canopius, the global specialty re/insurer, has appointed Mike Southgate as global head of marine, energy and engineering. He will join the group underwriting committee and report to Mike Duffy, group chief underwriting officer.

Southgate, who was previously joint active underwriter at Montpelier Syndicate 5151, will lead all marine, energy and engineering business across Sompo Canopius.

Separately, group head of marine Joyce Webb will retire in April. Webb has enjoyed a 38 year career in the Lloyd’s market, joining Sompo Canopius in 2004. Donna Young, currently cargo underwriter, is promoted to head of cargo and specie, effective 1 April.

Duffy said: “It gives me great pleasure to welcome Mike to Sompo Canopius and Donna to her well-deserved new role.  Mike will be a great asset in leading our marine, energy and engineering lines.  His significant experience of underwriting and broking across a range of classes will bring a fresh perspective as we build on our already successful products and offer more tailored and relevant services to brokers and clients.”

He added: “I would also like to thank Joyce for her significant contribution to the development of our marine business over the last 12 years.  I wish her all the best in her retirement.”