CUAI

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. Reflecting the group’s commitment to the region, Canopius has built a platform with underwriting teams that write:

  • 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 a bias towards US clients.

We emphasise providing an excellent service to our brokers and clients, producing enduring and valued relationships with our customers. We offer a technical approach to pricing and breadth of knowledge from our specialist underwriters who travel extensively to maintain their knowledge of their markets, clients and products. Through the application of our underwriting expertise and proactive approach, we have the capability and flexibility to respond swiftly to market developments and structure bespoke products to match our clients’ needs.

We write business from our operations in the US and via 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 and 1861 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

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 and 1861 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

Every State National Insurance Company, Inc. policy is supported by:

  • A (Excellent) from A.M. Best
Further information:

Canopius Executive Pact factsheet
Canopius Private Pact factsheet
Canopius US Management & Professional Lines profile

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 either Lloyd’s Syndicate 4444 and 1861 or State National Insurance Company, Inc. Both 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

Every State National Insurance Company, Inc. policy is supported by:

  • A (Excellent) from A.M. Best

Learn more about our Marine business

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