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 and structure bespoke products 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 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
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.
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.
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 insurance that spans real estate, retail, hospitality and industrial property.
What sectors does Canopius’ Open Market Commercial Property insurance target?
Our commercial property 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.
