25 February 2014News

Canopius toasts Bermuda

Canopius Group held a reception to celebrate its commitment to Bermuda, hosting key business and government leaders including Dr. Grant Gibbons, Minister of Economic Development and Education, Bob Richards, Minister of Finance and Gerald Simons, Bermuda Monetary Authority Chairman at the Masterworks Museum of Bermuda Art.

Canopius Bermuda launched in 2007 and currently employs a team of 10, the majority of whom are Bermudian. The re/insurer is also involved in local initiatives including the Sunshine League.

Stephen Hartwig, CEO of Canopius Bermuda, says: “since we established our office here seven years ago, our business in Bermuda has gone from strength to strength, due, in no small part, to its highly positive business climate. We are looking forward to further growth, continued success and an active role in the Bermuda community.”

Canopius Group chairman and chief executive Michael Watson adds: “over the past 10 years, Canopius Group has grown into one of the largest Managing Agents in Lloyd’s and our Bermuda office has played a key role in our success. With the announcement of our acquisition by leading Japanese insurer NKSJ Holdings and becoming its specialty insurance platform, Canopius is well placed to continue our strategy of profitable growth, and our presence in Bermuda is a central part of our growth plan in mature specialty markets.”

Minister Gibbons concludes: “companies like Canopius are very much in our hearts as a government. You have boots on the ground here. We really appreciate that level of support to the community and Bermudians as well. We are delighted you are in Bermuda.”