Canopius Group has appointed Rachel Webber (pictured above) as head of reinsurance, UK, a newly established position within the company. Webber will report to Aloïs Rouffiac, UK chief underwriting officer and active underwriter.
Webber joins Canopius with a background in both technical and underwriting roles. She was most recently senior vice president and head of non-marine at Trans Re. Her experience includes underwriting leadership and the execution of strategic projects across the reinsurance sector.
The company said that it has identified reinsurance as a strategic area for growth in the UK, aiming to build on its existing platforms in Bermuda and the Asia-Pacific region. Canopius recently expanded its casualty treaty business and entered the aviation treaty market in London.
In her new role, Webber will be responsible for assessing the UK reinsurance portfolio to support the development of Canopius’ value proposition. She will also lead client engagement initiatives, working to ensure that partners have a clear understanding of the company’s reinsurance offerings.
“We are delighted to welcome Rachel to Canopius," Rouffiac said. "She will develop and focus our strong reinsurance underwriting teams in London while embedding a collaborative and winning culture."
The appointment comes as Canopius continues to strengthen its leadership team across multiple divisions. In July, the company promoted Ben Pinnington to head of marine and energy treaty and brought on Imogen Wright as underwriter for the marine and energy treaty division, with Wright’s role beginning in October.
In May, Canopius expanded its North American operations by appointing Neetu Varghese as head of marine for the US. Varghese’s appointment is intended to add further leadership capacity and support the company’s strategy in the US marine insurance market.
Canopius’ expansion efforts have also been supported by its shareholders. In June, Samsung Fire & Marine Insurance increased its equity stake in Canopius to 40%, extending a strategic relationship that began in 2018. The additional investment is expected to provide further backing for Canopius’ growth plans and ongoing initiatives in specialty and treaty reinsurance.
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