Find out more about Canopius Special Risk and our contingency team.
Canopius Special Risk (CSR) is positioned alongside our core open market insurance business as a way to engage with ‘market influencers’ in our non core products. We want to sit behind our peers in these lines and share in their alpha whilst offering them an opportunity to partner with us and to benefit from our A rated capital and the lower expense base of CSR.
Products (including but not limited to the following):
Consortia – capacity for select Lloyd’s market leaders
Bespoke pro rata – QS to select partners and an enhanced PC option
MGA support – niche products or markets
Select broker facilities
Retail/wholesale insurance brokers
$10M per risk
Why engage with CSR?
True long-term partnership focused on a win-win solution
Enhanced profit generation for clients that hit key portfolio metrics
True customised service
Solutions designed to meet client needs
Experienced and dedicated personnel
What is CSR’s ‘bread and butter’?
There is no ‘bread and butter’ business or geographic restriction. We are looking for partners with a long term, profitable vision for their business where our A rated capital, strong balance sheet and customised service can be an added value.
Our team offers products designed to meet a dynamic range of contingent risks. Particularly pertinent to event organisers, contingency insurance protects against event, marketing and unknown risks where unforeseen possibilities can trigger high costs and significant liabilities.
We review each risk individually to ensure the cover is well-matched to each specific scenario. Our claims team is also part of the underwriting process to help clients fully understand the risks pertaining to the event and that all parties have a clear understanding of this protection. Our international reach means that we can deliver policies in local markets that adhere to local requirements, regulations and legal structures.
Our portfolio comprises of:
- Cancellation and abandonment
- Ground-up and layered programme policies
- Commercial producers indemnity
- Advertising agency indemnity
- Film production indemnity
- Statistical prize indemnity
- Non-statistical prize indemnity
- Over Redemption Insurance
Our risk profile is any organisers responsible for event management, prize awards, lottery winners, promotional risks and other narrow but dynamic contingent risks. We can provide cover worldwide, in local languages and markets.
Our capacity (USD) is 15 million for event risks; $10 million for statistical prize indemnity; $1 million for non-statistical prize indemnity and $1 million for over redemption.