Canopius

Canopius Reinsurance (Canopius Re or the company) is a global reinsurer that writes treaty business from hubs in Bermuda, London, Singapore, and more. It is known for flexible underwriting, strong leadership, and specialty reinsurance classes.

History of Canopius Reinsurance

Canopius Re began in 2003 as part of Canopius Group (the group), formed through a management buyout. The group later became part of Japan’s Sompo Holdings in 2014 before returning to private ownership.

The company expanded its global reach through key licensing upgrades and strategic location changes. Here are more key moments in Canopius Reinsurance and the wider group’s history:

• 2015: Canopius Re moved to Switzerland and became Sompo Japan Canopius Reinsurance AG
• 2018: the group regained independence under new private equity owners
• 2019: the company shifted back to Bermuda and gained a Class 3A license
• 2021: Canopius Re was relicensed as a Class 4 insurer to expand reinsurance capabilities
• 2023: the group posted record profit with over $2.8 billion in premium volume
• 2024: the company enhanced its leadership by naming a new CUO and CFO

Canopius Reinsurance capped off 2024 with strong growth and rising demand across its reinsurance portfolio. The company reported $933 million in gross premiums, up 53 percent from the year before.

Reinsurance products and services

Canopius Reinsurance offers global treaty reinsurance through skilled underwriters across several specialty and traditional lines:

• agriculture treaty: supports crop and livestock risk in global and emerging farming markets
• aviation treaty: covers aircraft hull, liability, and aerospace reinsurance programs
• casualty treaty: includes general liability, motor, and workers’ compensation exposures
• construction and engineering treaty: supports large-scale infrastructure and civil engineering project risks
• insurance-linked securities: connects investor capital with selected risk through structured reinsurance vehicles
• marine and energy treaty: covers offshore energy, cargo, and marine liability risks
• outwards reinsurance: manages the group’s own risk with external reinsurance protections
• property treaty: offers catastrophe and risk-based cover for personal and commercial property

The company builds tailored reinsurance solutions backed by strong underwriting and risk insight. Its approach is guided by long-term broker ties and a clear focus on solving real-world problems.

Culture and core values

Canopius Reinsurance promotes a culture that balances personal growth with long-term business success. It encourages a positive, winning mindset that supports both individual and shared progress. They also aim to be:

• empowered
• ambitious
• collaborative
• accountable
• proactive
• inclusive

Staff describe the culture as kind and respectful, where open talk and shared wins matter most. This people-first mindset helps deliver better customer outcomes and profitable and lasting results.

Workplace environment and benefits

Canopius Reinsurance supports an open, people-led space where individual thinking and honest conversations thrive. Their employee benefits also include:

• healthcare: dental, optical, and medical plans
• fitness: employee gym offers and deals
• financial: life insurance and pension package
• bonus: performance-based discretionary rewards
• leave: parental, carer, marriage, and holiday time
• flexibility: hybrid and remote working options
• mental health: access to mental health support
• well-being: mental health first aid program

Canopius Re is an equal-opportunity employer with a team that reflects different walks of life. It values fairness, diversity, and lets people show up to work as their full selves.

Diversity and inclusion

Every individual at Canopius Reinsurance may experience work differently, shaped by identity and background. Their efforts for a more inclusive firm include:

• career framework: new growth model to guide advancement
• EmpowerHER: internal network supporting female talent
• leadership programs: gender-balanced participation in development tracks
• employee network: visibility of Gender Employee Network initiatives
• inclusive hiring: updated recruitment to improve balance

Canopius Re knows that unseen challenges can limit potential if not met with real support and action. Its approach makes sure that inclusion is ongoing, not a checkbox or short-term goal.

The future at Canopius Reinsurance

Canopius closed 2024 with higher profit, stronger premium growth, and a steady underwriting performance. The group plans to follow a refreshed three-year plan and keep its underwriting strategy tight. Strong reinsurance renewals and firm pricing mark a confident start to 2025.

Canopius Reinsurance partnered with Global Parametrics to underwrite parametric risk solutions through Lloyd’s Syndicate 4444. The agreement gives binding authority to support climate and disaster-related coverage worldwide. The company aims to close protection gaps by expanding reinsurance access in underinsured regions.