Canopius CUO Duffy to Retire Subsequent Yr
Canopius Group, the London-based world specialty re/insurer, introduced that, after practically 17 years of service, Group Chief Underwriting Officer Mike Duffy will retire in 12 months’ time.
Duffy joined Canopius in January 2006 as head of direct and facultative (D&F) property, progressing throughout his tenure to function chief government officer of Canopius Managing Brokers, earlier than he turned group CUO.
Throughout his greater than 40-year insurance coverage profession, Duffy has held quite a few roles within the London market and likewise labored overseas, most notably in New York.
Duffy will stay at Canopius for the following 12 months to supervise an orderly transition to his successor – to be introduced sooner or later – and can go away in Might 2023.
“Mike has had a vastly vital impression on Canopius throughout his time, serving to to form the thriving firm it’s in the present day. He has additionally mentored and supported the careers of many underwriters in our market,” commented Neil Robertson, group chief government officer, Canopius Group.
“On behalf of our management crew and all at Canopius, I want to specific our big thanks for his many efforts and persevering with contributions, and we will reserve our fond farewells for subsequent yr.”
Canopius has underwriting operations in Australia, Bermuda, China, Singapore, the UK and U.S. It underwrites by way of Lloyd’s Syndicate 4444 (managed by Canopius Managing Brokers Ltd.), a U.S. surplus strains insurer, Canopius US Insurance coverage Inc. and Canopius Reinsurance Ltd, a Bermuda based mostly Class 4 Reinsurer.
AXA XL Promotes Baker to Head of Development, UK & Lloyd’s
AXA XL has promoted Al Baker to move of Development, UK & Lloyd’s market, efficient instantly.
In his new position – which he has been finishing up on an interim foundation since September 2021 – Baker will likely be liable for main AXA XL’s building enterprise for the UK & Lloyd’s area and driving its strategic, worthwhile growth.
“Al is already a valued member of the senior building crew, and I’m delighted that he’ll be taking up accountability for main our UK building enterprise. Al has been with AXA since 2010, so has constructed up a strong status inside the enterprise, along with a wealth of business data,” commented Anish Jadav, CUO, Retail P&C, UK & Lloyd’s.
Baker is a seasoned insurance coverage government and chartered civil engineer, with intensive expertise throughout distribution and building. He joined Carillion PLC in 2002 as an engineer and undertook varied engineering and building roles whereas gaining Chartered standing.
He joined AXA Matrix Threat Consultants as a building danger marketing consultant in 2010, earlier than shifting to Paris with AXA Company Options as world infrastructure follow chief in 2015. In 2019, he joined AXA XL, the place he was promoted a number of occasions earlier than assuming his present place.
Baker has a put up graduate Diploma in Enterprise Administration (DIBM) from Aston Enterprise Faculty and a Bachelor of Engineering in Civil Engineering with Structure from the College of Leeds. He has additionally acted as a mentor for 3 cohorts of Lloyd’s Lab insurtech startups.
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