Canopius recruits new COO and CFO

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Lloyd’s insurer Canopius has made two senior management appointments following its acquisition.

Laurie Davison will become group COO in April, while Nigel Meyer will join as group CFO.

Davison was previously COO at Exari Group. She has spent 20 years in the technology and insurance sectors, including roles at Exari, Adsensa, Faraday and Xchanging.

Meyer is currently COO at Brit Insurance, where he also previously served as CFO. He has worked in the insurance industry for more than 20 years, having previously held senior finance positions within Aviva and RSA.

Their appointments follow a private equity consortium’s acquisition of Canopius for an undisclosed sum on 9 March.

Since its foundation in 2003, Canopius has developed into a significant insurer at Lloyd’s. Last year, it wrote premium income of more than $1.5 billion (£1.07 billion).

The private equity consortium that acquired the insurer was led Centerbridge Partners and included investment firm Gallatin Point Capital.

Chairman Michael Watson said of the new COO and CFO at Canopius: “In a week full of good news for Canopius, I am delighted to announce these two new members of our senior team.”

“Laurie understands our industry very well, bringing with her substantial experience on both the customer and insurer sides as well as deep technology expertise. Nigel’s experience across Lloyd’s and general insurance, his ability to manage a variety of stakeholders and regulators, and understanding of private equity ownership will be a great asset to Canopius. Together they bring excellent strength and breadth to our team.”

Davison commented: “It is an exciting time to be joining Canopius. I am impressed by the ambition and strategy of the group and I look forward to being part of the leadership team that moves the business forward, pulling together the different operational strands and ensuring we provide the best service possible to our brokers and clients.”

Meyer added: “With Canopius moving into a new era of private ownership and against the market trend of consolidation, it has an extraordinary opportunity to build on its position as a top ten Lloyd’s insurer. I am looking forward to being part of that growth.”

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Mark Dugdale is the editor of Claims Media. Mark welcomes articles, letters or feedback from readers and can be reached via mark.dugdale@barkerbrooks.co.uk