This is an exciting time for Canopius USA. This month marks my first anniversary as President and Chief Underwriting Officer of Canopius USA. On behalf of our entire team, I’d like to take this opportunity to update you on the progress of our ambitious growth plans in the U.S. specialty market and thank you for your support.
Introducing the new Canopius USA
As the U.S. arm of global specialty (re)insurer Canopius Group, we are building a company with a unique combination of a flexible and entrepreneurial spirit, backed by the strength and stability of multiple world-class insurance platforms, and the experience of a global specialty lines market leader.
Canopius USA is comprised of two complementary offices. Canopius US Insurance, Inc. (CUSI) is an insurance company licensed in all 50 states to write E&S lines binding authority business through a select number of distribution partners. Canopius Underwriting Agency, Inc. (CUAI) is an MGA, underwriting solutions for Open Market Property, Ocean Marine, Management & Professional Lines, and Cyber business.
When I joined Canopius in September 2020, it was my vision to build upon the combined strengths of CUSI and CUAI, and our Lloyd’s syndicate, to create a strong, multi-platform approach to serving the U.S. specialty insurance market. Since that time, we have been ramping up behind the scenes to do just that.
In the face of challenging circumstances, our staff has grown more than a third over the past year, and we now have teams throughout the U.S. including Chicago, New York, San Francisco and Charlotte. In 2020, we doubled our gross written premium to $200M, and we’re on track to double it again in 2021. To our broker and distribution partners we are profoundly grateful and honored to work with you to build a business in which together we drive the most profitable outcome depending on risk, class and market cycle.
Together We’re Better
Canopius USA believes in building lasting relationships based on trust and mutual respect. Managing complex risk often requires individual interaction and thoughtful dialogue. Our people have the time and space to be able to think expansively, to discuss, offer alternatives, and find solutions. We are unafraid to challenge – the right path, not just the easy one, is the one we strive to take with you.
Harnessing the power of our U.S. market expertise and the support of a global specialty (re)insurer, Canopius USA is excited to bring a strong and stable offering to our broker partners and clients. We’re also looking forward to creating new and deepening existing relationships with MGA partners who manage risks in underserved niche areas.
I speak for every person at Canopius USA in saying that we are fortunate and proud to be a part of this team – a team that includes you, our clients, and partners who have grown with us and continue to help us to build a diversified book of business. We look forward to cultivating these relationships to manage the evolving risks of customers.
In short, we look forward to working with you because we believe that together we’re better.
Canopius USA President and Chief Underwriting Officer