Canopius declares new group chairman

Canopius has introduced the appointment of Andy Haste as its new group chairman, efficient July 1, 2024.

Haste will chair the group board following a document yr for Canopius in 2023, in response to a information launch. He brings intensive expertise to his new position, having held positions comparable to group chief government of RSA Insurance coverage Group and CEO at AXA Solar Life. He additionally served as senior unbiased director and deputy chairman of Lloyd’s from 2012 to 2021. Presently, Haste chairs the board of esure group.

Haste will succeed Michael Watson, who will step down however proceed to help Canopius in an advisory position.

“I’m honoured to hitch Canopius as its group chair and excited to work carefully with Neil and his administration crew, in addition to my fellow board members on the following stage of Canopius’ journey,” stated Haste. “I wish to thank Michael for his service to Canopius over a few years and need him all one of the best in his future endeavours.”

Watson mirrored on his tenure: “It’s been my privilege to develop Canopius since its basis in 2003 alongside nice colleagues and supportive shareholders. Canopius has by no means been in higher form, and I’ve nice confidence in Andy Haste and Neil Robertson’s management crew to propel the enterprise to new heights within the coming years.”

In 2023, Canopius posted income after tax of $363 million and noticed a 22% enhance in insurance coverage contract written premium to $2.80 billion.

Ben Langworthy, Canopius shareholder board director and senior managing director and co-head of Europe at Centerbridge, Canopius Group’s majority shareholder, welcomed Haste’s appointment.

“His seasoned trade experience and stewardship will assist Canopius in its subsequent development section,” he stated. “We additionally needed to thank Michael Watson for his dedication during the last 20 years at Canopius as founder, CEO, and most not too long ago as non-executive chairman.”

Neil Robertson, Canopius Group CEO, added: “Andy will carry independence, gravitas, and a breadth of expertise to our board that may assist form the following chapter of the Canopius journey. All through Andy’s profession, he has solid a popularity as a robust chief who acts with conviction. All qualities that I consider will serve Canopius properly. I consider that the appointment of a person of Andy’s stature within the trade, demonstrates our ambition for Canopius within the coming years and we’re delighted to have him on board.”

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