World specialty strains (re)insurer Canopius has boosted its senior management staff in Bermuda by including a CUO and CFO.
Jesse DeCouto will grow to be the brand new chief underwriting officer, CUO, whereas Tonia Morgan might be CFO of Canopius Reinsurance.
DeCouto began as a pricing actuary in 2000 and was most lately world chief underwriting officer for Validus Reinsurance.
Morgan joins from AXA XL, the place she was CFO of Bermuda Reinsurance.
Charles Cooper, CEO, Canopius Reinsurance Restricted and World Head of Reinsurance mentioned: “We’re steadily growing the extent of reinsurance capability we are able to provide available in the market in a really focused means and assembling a small staff of senior leaders with the experience and networks we have to realise our progress technique.
“Jesse and Tonia are precisely that, representing a number of the finest expertise available in the market – Jesse brings unrivalled underwriting expertise and dealer relationships, Tonia might be instrumental in facilitating the small, entrepreneurial tradition that we have to drive progress in a focused means. Alongside Brenton, we’ll now have the best individuals in place to embark on the subsequent part of our technique.”
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Jesse DeCouto, incoming CUO, Reinsurance at Canopius Reinsurance Restricted, said: “The expansion plan which Charles has outlined and the chance to work with such an achieved and well-respected staff is thrilling, compelling, and in the end too good to cross up. I’m delighted to hitch the Canopius Reinsurance Senior staff at this formative time for the enterprise and stay up for this thrilling new problem.”
Tonia Morgan, incoming CFO, Reinsurance at Canopius Reinsurance Restricted, added: “With a robust understanding of the Reinsurance market in Bermuda, I’m trying ahead to creating an impression inside an entrepreneurial staff that’s trying to construct an everlasting enterprise within the area. It’s an exceptionally gifted staff and I’m excited to get began.”
In April 2024, Canopius fashioned a partnership with Group-IB to boost its cyber insurance coverage choices.
This collaboration marks Group-IB’s first full-service partnership with a Lloyd’s of London syndicate.
It goals to offer Canopius policyholders with an enhanced degree of safety and menace intelligence.
Based in 2003 and based mostly in Singapore, Group-IB specialises in growing cybersecurity applied sciences to analyze and fight digital crime.
The partnership will look to ship danger assessments, real-time menace notifications, and knowledgeable methods for menace mitigation to Canopius’ purchasers.
