SINGAPORE — 7 March, 2023 – Canopius Group, a leading global specialty reinsurer, today announced the opening of a new trading office in Melbourne, Australia. The operation will be led by David Mutton, who joins Canopius as a Casualty Uinderwriter with immediate effect.
Canopius will initially underwrite casualty business from Melbourne and broaden its offering as the business grows, with plans already underway to make new hires in in the coming year.
Launching in Melbourne marks a significant milestone for Canopius’ rapidly expanding Australian business, which already has an established operation in Sydney, and will serve as a hub from which the business can serve the state of Victoria. A result of the Group-wide strategic and operational planning process Canopius undertook last year, launching in Melbourne will allow Canopius’ highly experienced teams to make locally-empowered underwriting decisions. Alongside the office in Sydney, underwriting out of the Melbourne office will allow Canopius to best support clients and partners throughout Australia, offering products that keep pace with the evolving risk profiles specific to each geography Canopius serves in the APAC region.
Mutton brings more than two decades’ experience to his new role, specialising in corporate and commercial casualty lines. He joins Canopius from AXA XL, formerly XL Catlin, where he held the position of Senior Underwriter, Casualty for Australia.
Mark Newman, Chief Executive (APAC), Canopius, said: “The opening of our trading office in Melbourne marks a significant point in our APAC growth journey. Melbourne provides an ideal platform for us to continue to scale rapidly as a lead carrier for specialty risk in Australia, while attracting some of the region’s top talent.
“Launching in Melbourne is a testament to the strength of our existing team, who are responsible for establishing and nurturing the strong client and partner relationships which ultimately enabled us to convert this initiative from an idea into a reality. My thanks go to them for all their hard work as we celebrate the opening of a new office today. It is clear evidence of the entrepreneurialism that Canopius is home to.
“I am delighted to welcome David into the fold. His leadership skills and relationships built over many years, combined with his strong technical capability and knowledge of the local market, complement our team of specialists and places us well to seize the wealth of opportunities in Australia.”