We underwrite a world-wide direct property portfolio across a broad geographical base, from our hubs in London, New York, and Singapore.
We emphasise providing an excellent service to our brokers and clients, producing enduring and valued relationships with our customers. We offer our brokers and clients 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. We can also structure bespoke products and quality insurance to match our clients’ needs.
What we do
We write business from our Lloyd’s platform in London and Singapore. The account comprises large account open market commercial property business insurance, focused towards:
- Real estate
- Retail and hospitality sectors
- Light Industrial (excluding petrochemical)
Our Open Market Property team in the US offers Retail & Wholesale Property products to clients around the world. Our main focus is on quota shared and layered property placements with an emphasis on catastrophe-driven business.
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.
Commercial Property
Our managing agent team focuses 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.
Examples of target classes include the following business sectors:
- Real Estate
- Retail
- Real Estate Investment Trust (REITs)
- Financial Institutions
- Healthcare
- Hospitality
- Educational
- Public Entities
- Recreation & Entertainment
- Communications/Telecommunications
- Light Industrial
Coverage is written on a non-admitted basis via our Lloyd’s Syndicate 4444. We are able to deploy significant cat limits depending on risk exposures and programme structure. Our capacity is flexible and can be utilized in primary or excess positions. We also provide capacity on domestic and global programmes.
What sets us apart
- 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.
- 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 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.
- Underpinning our risk modelling and pricing sits our Catastrophe Management team who are rated Advanced by Lloyds for both Natural Catastrophe and Non-Natural Catastrophe for the leading work they do.
- We write business from Lloyd’s of London platform in London and Singapore. This open market basis allows us to offer large account open market commercial property insurance, focused towards real estate, retail and hospitality sectors, and light industrial (excluding petrochemical).
Speak to one of our specialist underwriters – select from the regions below
FAQs
What is Open Market Property insurance?
This is a global property portfolio quality insurance that spans real estate, retail, hospitality, and industrial property. If you want to make a claim, you can do so by contacting us or heading over to our claims page.
What sectors does Canopius’ Open Market Commercial Property insurance target?
Our property business insurance focuses on SME commercial risks with total insured values below $5m. Target classes of business include real estate, retail, financial institutions, healthcare, hospitality, education, recreation, entertainment, telecommunications, and light industrial.
What is the focus of Canopius’ world-wide property portfolio?
We underwrite a world-wide direct property portfolio across a broad geographical base, from our hubs in London, New York and Singapore.
Our role as a managing agent within the insurance market involves coordinating with various insurance companies to ensure a comprehensive and reliable service. By working on an open market basis, we can cater to the diverse needs of our clients, leveraging our connections with multiple insurance companies to provide the best possible coverage and terms. Our managing agent team’s expertise is instrumental in navigating the complexities of the insurance market and delivering tailored solutions to meet our clients’ specific requirements.
Do you cover catastrophe-driven risks?
Yes, Canopius provides coverage for catastrophe-driven risks. Our Open Market Property insurance includes significant capacity for catastrophe limits depending on the risk exposures and programme structure. We focus on quota-shared and layered property placements with an emphasis on catastrophe-driven business, offering flexible capacity that can be utilised in primary or excess positions. This coverage is available globally through our Lloyd’s platform.
