Canopius appoints group head of sustainability
Canopius Group has appointed Adhiraj Maitra as group head of sustainability. Reporting to Lindsay Astor, chief of staff and head of strategic development, Maitra will be responsible for Canopius Group’s ESG position worldwide.
This will involve developing a cohesive ESG strategy to meet regulatory requirements, including a forward-looking responsible underwriting policy, a sustainable investment approach and a strategy to further develop a positive and inclusive culture.
Maitra joins Canopius from WTW, where he was the global head of ESG and climate change for the insurance consulting business. Prior to that, he spent six years at Lloyd’s of London as a senior manager, heading up the Syndicate Capital team. Before that he was an actuarial non-life advisor at KPMG. He also has prior experience in capital modelling and pricing.
Astor said: “Adhiraj’s experience in helping insurance companies create ESG propositions and drive strategic and innovative solutions to ensure a successful climate transition will provide immense value to Canopius as we build out a robust and effective ESG strategy.
“His deep understanding of analytics, underwriting and the regulatory environment makes him the perfect candidate to take on this newly created role. We are thrilled he is joining us to drive our business forward in this next critical phase of growth.”
Maitra added: “We are at a crucial juncture, where understanding the impact of the uncertainties around ESG and acting on it is it becoming a strategic and commercial priority for insurance companies. While there are many challenges faced by the industry, there are many opportunities as well.
“Innovation and collaboration across organisations and looking beyond a one-year horizon are some of the key factors that lead to commercial success and improved resilience. Canopius has demonstrated great leadership in this in recent years and its new leadership is demonstrating the insight, drive and ambition to take the business to the next exciting stage. I am delighted to be joining the Canopius family and to be part of this change over the next decade.”
Canopius is a global specialty re/insurer with underwriting operations in Australia, Bermuda, China, Singapore, the UK and US. It underwrites through Lloyd’s Syndicates 4444 (managed by Canopius Managing Agents), a US surplus lines insurer, Canopius US Insurance, and Canopius Reinsurance, a Bermuda based Class 4 Reinsurer.
