Sarah Willmont (left) and Mike Duffy/ Source: Canopius
7 March 2018Insurance

Canopius appoints new CEO, CUO for Lloyd's managing agency

Specialty re/insurer Canopius has appointed Mike Duffy chief executive of Canopius Managing Agents, the group’s principal regulated entity, in addition to his existing role as group chief underwriting officer.

In addition, Sarah Willmont, currently deputy CUO, will become chief underwriting officer of Canopius Managing Agents and active underwriter of Syndicate 4444.

Commenting on the management appointments, Michael Watson, executive chairman of Canopius, said: “I have worked with Mike for 12 years and he is a valued partner and greatly respected by the market and our staff. Moreover, Sarah has made a huge contribution to our underwriting leadership and strategy. It is clear they are the right team to lead us forward and it is very encouraging to be able to make promotions from within the group, demonstrating the strength and depth that we have at Canopius.”

Duffy added: “These are exciting times at Canopius and it is an honour and a privilege to take on the role of CEO of Canopius Managing Agents. We have a hugely talented group of people across the group, and I look forward to working with them.”

Willmont commented: “We have a clear underwriting strategy in place and will continue to focus our attention on those areas where we excel and can add real value, as we expand and grow the business in a sustainable way. There is a lot to do and I am looking forward to getting on with the job.”

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More on this story

9 March 2018   The sale of specialty re/insurer Canopius by Sompo Japan Nipponkoa Insurance to a private equity consortium led by Centerbridge Partners has been completed.
29 March 2018   Specialty re/insurer Canopius has appointed Rebecca Marsden as credit and political risk underwriter.
17 April 2018   Syndicate Research (SRL) has downgraded the B+^ (Above Average) Continuity Opinion of Lloyd's syndicate 4444 (Canopius Managing Agents) to B^ (Average).