Three top jobs are being vacated as part of a business reorganisation that began more than a year ago at the global specialty re/insurer Canopius Group.
It means the departure from the company of thre.
Three top jobs are being vacated as part of a business reorganisation that began more than a year ago at the global specialty re/insurer Canopius Group.
It means the departure from the company of thre.
Canopius Re Receives License in Bermuda to Operate as Class 4 Reinsurer January 13, 2021
Canopius announces its Bermuda-based reinsurance company Canopius Reinsurance Ltd. has been granted a Class 4 reinsurer license by the Bermuda Monetary Authority.
The reclassification will significantly extend Canopius Re’s scope, enabling it to increase gross written premiums and write more third-party risks. This marks a reorientation of the reinsurer, which will initially be focused on third-party property and casualty business, reflecting the opportunities created by the improving rating environment.
Class 4 reinsurers are the largest reinsurers regulated by the BMA and must maintain minimum capital and surplus of $100 million.