Sompo Canopius boosts credit and political risk unit

Specialty re/insurer Sompo Canopius has appointed Stephen Pike as credit and political risk underwriter.

Pike joins Sompo from ED&F MAN Capital Markets where, as deputy head of specialty commodity finance, he established its global trade finance business across Europe, South America, Africa and Asia. Prior to that, he was with Cyrus Capital as part of the team managing the European credit fund. He began his career at Merrill Lynch, gaining experience in both mergers and acquisitions and leverage finance.

Pike will report to Bernie de Haldevang, global head of specialty at Sompo Canopius.

De Haldevang said: "Stephen has a reputation for being able to structure, analyse and assimilate complex deals across multiple sectors and geographies. He understands not only what is needed to bring in new business across four continents, but what it’s like to be a consumer of our products.

"This insight and expertise, combined with that of the rest of the team and in particular Tim Phillips, who joins at the end of August, will allow us to develop stronger knowledge-based partnerships and enable us to better service, expand and tailor our offerings to this important client base."

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