Canopius appoints new head of Canopius Managing Agents

Canopius, which has a major presence on Bermuda, has appointed Mike Duffy to the position of chief executive of Canopius Managing Agents, effective immediately. He retains his existing role as group chief underwriting officer. 

Sarah Willmont, currently deputy chief underwriting officer, will become chief underwriting officer of Canopius Managing Agents and active underwriter of Syndicate 4444, subject to regulatory consent.

“It is a real pleasure to make these appointments,” said Michael Watson, executive chairman of Canopius. “I have worked with Mike for 12 years and he is a valued partner and greatly respected by the market and our staff.  Moreover, Sarah has made a huge contribution to our underwriting leadership and strategy.  It is clear they are the right team to lead us forward and it is very encouraging to be able to make promotions from within the group, demonstrating the strength and depth that we have at Canopius.”

“These are exciting times at Canopius and it is an honour and a privilege to take on the role of CEO of Canopius Managing Agents,” commented Duffy. “We have a hugely talented group of people across the group, and I look forward to working with them.”

“We have a clear underwriting strategy in place and will continue to focus our attention on those areas where we excel and can add real value, as we expand and grow the business in a sustainable way,” Willmont said. “There is a lot to do and I am looking forward to getting on with the job.”