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30 January 2024News

Canopius boosts credit and political risk team

Bermuda-based Canopius Group has beefed up its credit and political risk team with four appointments in London and in the Asia Pacific region. 

The specialty re/insurer said it had appointed with immediate effect Angelos Deftereos as head of structured credit and Boris Medimorec and Virad Patel as underwriters in its credit & political risk team in London. 

In addition, Dimitri Plastiras will join the APAC team in February as an underwriter. He will initially be based in Sydney and will transfer to Singapore later in the year.

Deftereos joins Canopius from Volante Global, where he was managing director – structured finance specialising in significant risk transfer (SRT) insurance, a growth area that he will lead in his new role. Previously he was head of capital mitigation and operational risk insurance at AXA XL. He has also held senior roles at Morgan Stanley, Aon, Marsh and Goldman Sachs.

Medimorec was previously at UK Export Finance having spent two years with AJ Gallagher and almost 15 years with MUFG as managing director. He brings more than 25 years’ extensive private and public sector experience across a number of markets, sectors and debt products, bringing insights from both banking and insurance.

Patel joins Canopius from ING, having spent 10 years at the bank across risk, origination, and distribution functions. Most recently, he was vice president for loan capital markets. 

Plastiras was at KPMG in Sydney where he was an Associate Director for Debt Advisory Services. Prior to that, he spent 12 years at Westpac with experience across Structured Asset Finance, Trade Finance and Financial Institutions. 

Patrick Sheriff, Head of Credit & Political Risk – London, said: “Adding such high calibre professionals to our team demonstrates Canopius’ long-term commitment to this class. Their collective skillset diversifies and complements our existing pool of expertise, and we are excited to welcome them as we look to strengthen our lead position in this market.”

Jamie Jeffers, Head of Credit and Political Risk – APAC, said: “Credit and political risk remains a key global class of business for Canopius, particularly with the rising economic and political volatility on the international stage. 

"We are delighted to welcome Dimitri to the team in APAC, further strengthening our capacity to support clients in managing their evolving risks. The outstanding calibre of all our recent additions demonstrates our ambition to secure and invest in talented professionals to maintain and grow our market leading position.”

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More on this story

News
29 March 2018   Canopius, which has a major presence on Bermuda, has appointed Rebecca Marsden as credit and political risk underwriter.
News
25 February 2014   Canopius Group held a reception to celebrate its commitment to the Island.
Operations
29 April 2021   Canopius Group, the global specialty re/insurer, has hired Nick Whitear as a war risks underwriter as the carrier seeks to establish itself as a leader in global marine.