LONDON – 14 November 2023 – Canopius Group, a leading global specialty (re)insurer, today announces the appointment of Mark Newman as Chief Executive Officer for the UK. Newman takes up his new role from 01 January 2024, transitioning from his current role as CEO for the Asia Pacific region.
Newman will also join the Board of Directors of Canopius Managing Agents (CMA), subsequent to approval by the UK’s Prudential Regulation Authority. Interim UK CEO Kate Roy will step down from the position on December 31st 2023 and retains her role as Group Chief Operating Officer.
Canopius is now actively shortlisting both internal and external candidates to succeed Newman in the role of APAC CEO. Newman will continue to support the region in the interim and beyond, to ensure a smooth continuation of leadership.
Newman takes up the UK CEO position after seven years with the business, having joined Canopius as APAC CEO in 2016 and joining the Global Leadership Team in 2021. He has been a Canopius Asia Pte. Ltd (CAPL) Board Member and Monetary Authority of Singapore (MAS) approved Principal Officer since 2016.
During his time as head of Canopius APAC, the unit has increased revenue five-fold, and the business has exceeded all key performance indicators in its strategic plan, cementing its position as the largest Lloyd’s Managing Agent in the region.
Prior to Canopius, Newman held a series of leadership positions over his three-decade career, with 20 of those years at chief executive level. He took on the role of CEO Guy Carpenter Fac Asia Pacific in 2000, before moving to the formerly known Catlin as CEO APAC in 2008. He later became Head of Asia and Deputy CEO Asia at XL Catlin between 2015 and 2016, based in Singapore.
Newman has been an Elected Member and Group Chair of the Asia Pacific Market Group (APMG) since 2019. He was re-elected to serve the interests of Lloyd’s managing agents in the region in 2022, for his second three-year term.
Neil Robertson, Canopius Group CEO, said: “We are thrilled that Mark will be taking over the leadership of our UK business. He has led the successful evolution of our APAC operations, exceeding the five-year growth plan for our Singapore and Australia businesses. He has proven himself to be the right candidate to take on the role of UK CEO, and I’m confident that he will build on his strong track record and assist our UK teams execute their growth plans.
Mark Newman said: “For me, it’s always all about the people – I have been privileged to be part of an excellent APAC team, and one that I’m also very proud of – it’s that collective success that has qualified me for this new and exciting role. I look forward to working with all our UK colleagues too, in striving to take Canopius to the next level.”
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For further information please contact:
Brian Norris / Chanice Smith; MHP Group +44 (0)7592509016 / +447850229457
Canopius is a global specialty (re)insurer with underwriting operations in Australia, Bermuda, Singapore, the UK and US. It underwrites through Lloyd’s Syndicate 4444 (managed by Canopius Managing Agents Limited), a US surplus lines insurer, Canopius US Insurance, Inc and Canopius Reinsurance Ltd, a Bermuda based Class 4 Reinsurer.