Canopius USA

Canopius USA is a specialty insurer with experienced teams serving clients throughout the United States. We are a company with 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 can write business on multiple platforms and paper, for all insurance market intermediaries:

  • Team & Resources – Canopius USA has teams throughout the United States with deep expertise in underwriting, risk mitigation, and claims management.
  • Quality & Security – The ability to write business on multiple platforms and paper gives our partners the freedom to think expansively and to execute solutions that best address the unique risks of each client.
  • Stability & Reach – As part of Canopius Group, Canopius USA is backed by global market expertise and support from the heart of the insurance world in London, and key insurance hubs across the U.S. including New York and Chicago.

Together We’re Better

When we work together we do better business and we flourish as a global team. Learn more about how we work with our underwriting and claims partners here.
Harnessing the power of our US 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.

Canopius USA – Canopius US Insurance Inc.

Based in Chicago, Canopius US Insurance, Inc. (‘CUSI’) is the Group’s US domestic insurance company licenced in all 50 States and Washington DC. The team writes excess and surplus lines binding authority business across a range of business lines through a select number of distribution partners.

With our experienced underwriters, we provide a high quality of service across a diverse portfolio of business. We have also embedded a transparent aggregate modelling and management process.

Please click here to visit our CUSI site for US Agents.

The portfolio mirrors the lines Canopius leads from London, with specialities including:

Auto
Our auto account primarily comprises commercial auto physical damage, motor truck cargo, truckers’ general liability and non-trucking liability written in the US. We write both owner operator and fleet business.

Casualty
Our casualty account comprises commercial general liability, covering low hazard types of exposure such as slip and fall, food poisoning, etc. We are not a market for casualty business where there is any significant products exposure.

We will also write business on a package basis combining general liability and property under one policy. We have also worked with distribution partners to produce niche products where appropriate.

Commercial Property
The main focus of the commercial property account is on small- to medium-sized commercial risks with total insured values below $5m. We will also write business on a package basis combining general liability and property under one policy.

Homeowners
We write homeowners business in both the USA and Canada. We focus on the middle market in terms of property values but will write both low- and high-value risks. We have established a Quote Bind and Issue platform that provides a wide breadth of coverage options and flexibility along with bordereau production.

Further information:

Delegated Authorities – North America factsheet

Providing outstanding claims service to our clients, including Managing Agents, brokers and policyholders, is of paramount importance.

When a claim happens it can be a worrying time for our insured and they need assurance that their claim will be handled fairly, promptly and efficiently with the appropriate support and advice provided. It is the quality, speed, clarity of communication and professionalism of our claims service which provides that assurance.

Canopius US Insurance, Inc.
Suite 950
200 South Wacker Drive
Chicago
Illinois 60606
+1 630 994 5600

cus.submissions@canopius.com

cus.claims@canopius.com

cus.lossruns@canopius.com

Canopius USA – Canopius Underwriting Agency Inc.

Canopius Underwriting Agency, Inc. (‘CUAI’) is our New York-based specialty MGA established to address the risk management needs of US brokers and clients. We offer underwriting solutions for various types of risks including:

  • Open Market Property
  • Management & Professional Lines
  • Ocean Marine

All policies issued by the team offer strong financial security. Refer to each of the product offerings for further details on carrier paper.

Looking for more information on our US surplus lines insurance company? Click here to visit our Canopius US Insurance Inc. page.

We underwrite a worldwide direct property portfolio across a broad geographical base, with particular interest in U.S clients.

We believe in building lasting relationships based on trust and mutual respect. Managing complex risk often requires individual interaction and thoughtful dialogue. Our specialist underwriters are in regular contact with their clients to keep abreast of evolving markets and offer a technical approach to pricing. Our underwriting expertise and proactive approach, affords us the flexibility to take a broad view, challenge the status quo and partner in creative ways to address the unique risks of each client.

We write business from our operations in the US and via our Lloyd’s platform in London. The account comprises large account open market commercial property insurance, focused towards:

  • Real estate
  • Retail and hospitality sectors
  • Light Industrial (excluding petrochemical)

All policies issued are written on Lloyds Syndicate 4444 offering strong financial security. Every Lloyd’s policy is supported by a:

  • AA- (Very Strong) Insurer Financial Strength rating from Fitch
  • A+ (Strong) from Standard & Poor’s
  • A (Excellent) from A.M. Best
Further information:

Canopius-Factsheet-US-Open-Market-Property-2021

Canopius US Open Market Property Factsheet

Learn more about our Open Market business

Our team has significant underwriting experience and the technical expertise to provide creative underwriting solutions. We currently write:

  • Canopius XS Pact, a simplified follow form excess product:
    • Directors & officers liability and Side A DIC
    • Employment practices liability
    • Fiduciary liability
    • Crime and fidelity
    • E&O
      • Miscellaneous professional, including consultants and other non specialty professions
      • Tech professional
      • Lawyers Professional
      • Accountants professional
      • Cyber
  • Canopius A+ Pact, a lead non indemnifiable loss and DIC policy designed for public, private and not for profit organizations
  • Canopius Executive Pact, a directors and officers liability policy for public companies
  • Canopius Private Pact, a management liability package policy inclusive of directors and officers liability, employment practices liability and fiduciary liability for private companies

Our market

Target risk

  • Middle market to Fortune 500 commercial risk and financial institutions

Target customers

  • Publicly traded firms with market capitalization of $100m and greater
  • Privately held firms with revenues of $25m and greater
  • Large not-for-profit organizations i.e. health systems and foundations
  • Financial institutions:
    • Asset managers with $100m+ in assets under management
    • Insurance companies: property and casualty firms with B+ or better rating
    • REITs
    • Private equity firms
    • Banks
  • Professional firms:
    • Miscellaneous professions with billing of $25m+
    • Law firms with greater than 100 attorneys
    • Top 100 accounting firms (excluding the ‘big four’)

We are fundamentally service-oriented and pride ourselves on building long-standing relationships with our brokers and clients.

Our policies are written on either Lloyds Syndicate 4444 or State National Insurance Company, Inc. Both offering strong financial security.

Every Lloyd’s policy is supported by a:

  • AA- (Very Strong) Insurer Financial Strength rating from Fitch
  • A+ (Strong) from Standard & Poor’s
  • A (Excellent) from A.M. Best
Further information:

Canopius-Factsheet-US-Management-Professional-Lines-2021

Canopius US Management & Professional Lines Factsheet
Canopius Executive Pact Factsheet
Canopius Private Pact Factsheet

Learn more about our Canopius Group Casualty business

We write a wide range of US Ocean Marine business focusing on marine liability, hull and cargo. As a technically strong and experienced team, we adopt a commercially-minded approach and can provide clients with A++ admitted paper.

We offer marine legal liability cover in the following areas:

  • Ship repairers
  • Wharfingers
  • Stevedores
  • Charterers
  • Terminal operators
  • Protection and indemnity
  • Marine general liability
  • Excess & Bumbershoot liability

We have the ability to write excess above our own primary.

We also write marine hull and machinery across a wide range of vessel operations including, but not limited to:

  • Commercial fishing
  • Tug and barge
  • Blue water vessels
  • Dredges
  • Dry docks
  • Passenger-carrying vessels
  • Builders risk insurance

Broad conditions, such as liner negligence, extended adventures and perils clauses, as well as TLO options, are also available. We offer both standard and tailored options, offering the best solutions for our clients’ needs.

Our policies are written on Lloyd’s Syndicate 4444 paper, offering strong financial security.

Every Lloyd’s policy is supported by:

  • AA- (Very Strong) Insurer Financial Strength rating from Fitch
  • A+ (Strong) from Standard & Poor’s
  • A (Excellent) from A.M. Best

Learn more about our Marine business

Cyber attacks are the fastest-growing threat to modern businesses, with billions of attempts by hackers every year. As organizations rely on IT systems to manage most, if not all, of their critical business systems, insurance policies that adequately protect IT infrastructure against loss or damage as a result of a successful hack are essential.

We insure businesses across the spectrum, in respect to their cyber exposure, for up to $20 million (USD) per risk in aggregate and $20 million (USD) for delegated authorities and binders. This comes with the financial security provided by Lloyd’s chain of security.

Our policies are aimed at two distinct market sectors: innovative and bespoke solutions for global/multi-national entities and comprehensive, turnkey solutions for retail brokers, insurers and managing general underwriters. With direct access to the underwriters, threats to your core business operations can be properly addressed in the resulting solution.

Our portfolio comprises of:

  • Full 1st and 3rd party cyber coverage
  • Non-physical business interruption damage
  • Remediation costs, including any fines and penalties
  • Network security liability
  • Breaches of privacy liability, including data breaches
  • Technology errors and omissions
  • Social engineering coverage
  • Physical damage caused by cyberattacks

There is a broad appetite for industry sectors, which includes but is not limited to, the following: technology, retail, healthcare, financial institutions, manufacturing, utilities and aviation. Policies are available worldwide on either an insurance or reinsurance basis, where licensing permits.

Further information:

Canopius-Factsheet-Cyber-Technology-USA-2021-v2

Cyber & Technology USA Factsheet

Canopius Underwriting Agency, Inc.
140 Broadway
Suite 2210
New York
NY 10005

Open Market Property
+646 838 3721

US Management & Professional Lines
+646 838 3735

US Ocean Marine
+646 838 3750