Canopius Underwriting Bermuda Ltd (CUBL) is an Insurance Agent domiciled in Bermuda underwriting on behalf of Canopius Lloyd’s Syndicates 4444 & 1861.
We underwrite three products: Property Retrocession, US Property Catastrophe Reinsurance and Structured Reinsurance. Further details as follows:
We offer Property retrocession coverage to clients across the globe, with a focus on both excess of loss protections and industry loss warranty products.
Charles Craigs is our product leader based in Bermuda, although our products can be accessed through the Canopius’ offices worldwide.
We offer both brokers and clients a consistent and technical approach to US Property Treaty underwriting. Coupled with our own view of risk, we are willing to offer both bespoke and subscription solutions.
Our Bermuda operation focuses on the retail distribution channel, while our London underwriters service wholesale brokers. We offer per risk, catastrophe and proportional treaty solutions. We write a diverse portfolio of risks that extends from single state, mutual companies through to nationwide and worldwide exposed clients, including London market companies.
We are able to offer capacity on both an annual and multi-year basis and on risk excess, we are able to consider accounts on both a losses occurring and risks attaching basis.
There are many organisations that need support in managing risk, yet cannot find the right service and solutions from the conventional market. Canopius provides alternative Structured Treaty solutions for risks that fall outside the ‘commoditised’ portions of reinsurance programmes. We combine client focus, analytics and flexibility along with market expertise to offer clients a real choice.
Canopius offers a range of Structured Treaty products that include aggregate excess of loss, multi-line/multi-year and stop loss contracts. Features such as aggregate deductibles, floating retentions, profit sharing, franchise triggers, etc. may also be used to generate an alignment of interest.