15 September 2020Life

Lisa Davis joins Canopius as it looks to harmonise US operations

Canopius Group has appointed Lisa Davis as president and chief underwriting officer of Canopius USA with a mandate to reorganise and harmonise the US operations.

Davis will take up her post on October 1 and will report to group chief underwriting officer Mike Duffy.

She joins Canopius from Sompo America Insurance Services where she served as executive vice president. She was also president of Asian risk solutions at Sompo International since 2016.

In her new role Davis will oversee all Canopius US operations, comprising Canopius US Insurance in Chicago and Canopius Underwriting Agency in New York.

Duffy said: “Working closely with CUAI and CUSI, [Davis] will develop a single leadership structure and capitalise on the numerous synergies between our US operations. With the support of our partner SFMI, a combined Canopius USA will be able to offer greater flexibility and value to our brokers and clients in the US.”

Canopius said it will draw on its partnership with Samsung Fire & Marine Insurance (SFMI), which became a significant minority investor in Canopius in 2019, by using its admitted paper to underwrite more US business.

Davis said: “Canopius’ Lloyd’s and company platforms in the US had operated as two largely independent businesses in the US, and there is a huge opportunity in bringing these together.”