SYDNEY — May 2, 2023 – Canopius Group, a leading global specialty (re)insurer, today announced the appointment of Andrew Parker as Head of Treaty, Australia & New Zealand and Head of Casualty Treaty, Asia Pacific and Paul Wedlock as Head of Property Treaty, Australia & New Zealand, effective immediately.
Based in Sydney, the pair will lead the expansion of Canopius’ local reinsurance offering. Andrew and Paul will be joined by Peter Mattei who will assume the role of Casualty Treaty Underwriter, and Liza Aparicio as Office Manager.
With 33 years’ experience, Andrew joins after eight years at Aspen Re in Sydney, where he was most recently Head of Australia and New Zealand. Andrew is credited for developing Aspen Re’s P&C operations in Australia, doubling its premiums since 2015. With 30 years’ experience, Paul joins Canopius from Aspen Re, where he served as Head of Property, Australia and New Zealand, responsible for the growth and development of the regional treaty portfolio. Peter brings more than 12 years’ experience in pricing across a breadth of reinsurance classes in the USA, Australia and New Zealand.
A key strategic hub for continued growth across APAC, Canopius has hired six new team members in Australia since February this year. The addition of Andrew, Paul, Peter and Liza, reflects Canopius’ strong commitment to the specialty reinsurance market in Australia, having identified an opportunity to scale quickly in a mature market.
Natt Wattanaumphaipong, Deputy CUO and Head of Reinsurance APAC at Canopius, said: “Andrew, Paul and the team bring deep expertise to Canopius. Their proven track record in managing complex reinsurance portfolios has earned them their highly respected reputations in the market. I am pleased to welcome all four to the business and look forward to working with them as we pursue ambitious plans for profitable growth.”
Andrew Parker, Head of Treaty ANZ and Head of Casualty Treaty APAC at Canopius, said: “Canopius has rapidly established itself as a leader in the Australian P&C market. The offering is second to none and the growth ambitions, underpinned by exceptionally talented underwriters, made this an easy decision. We are relishing the prospect of supporting the momentum and look forward to working with Natt and the rest of the team in Sydney, Melbourne and across Asia Pacific.”