Life Insurance

Canopius names new global product leader for specialty



Canopius names new global product leader for specialty | Insurance Business America















Company has secured a series of moves in a “milestone” year


Reinsurance

By
Kenneth Araullo

Global specialty property and casualty (P&C) re/insurer Canopius has announced the appointment of Mark Houghton (pictured above) as global product leader, specialty.

With over 20 years of experience in insurance and financial services, Houghton joins Canopius from AXA XL, where he led the political risk team for over a decade before becoming head of specialty in Asia.

Houghton, who starts in October, will oversee the governance, performance, and standards of Canopius’ specialty underwriting lines.

Houghton’s responsibilities will include product development, innovation, and setting Canopius’ risk appetite for specialty lines globally. He will report directly to group chief underwriting officer Sam Harrison.

“2024 will be another milestone year for Canopius as we look to build on a record 2023,” Harrison said. “To realize our continued growth ambitions, we’re expanding our global underwriting structure to help us innovate and develop products in line with our strategic objectives and risk appetite. Having someone responsible for product innovation and development globally from our base in Singapore reflects our growing footprint across the world.”

“Canopius is known for its collaborative approach, always going the extra mile for its clients and brokers,” added Houghton. “It’s a hugely exciting time to be joining the business, and I look forward to helping cement Canopius’ status as a provider of practical solutions in the world’s leading specialty markets.”

This announcement follows several key hires for Canopius Group this year. Soon Keen Lee was appointed CEO in APAC & MENA, Jesse DeCouto became chief underwriting officer, and Tonia Morgan was named chief financial officer of Canopius Reinsurance Limited.

Uwe Schoberth was also appointed head of US distribution and Matthew Crane as head of UK distribution.

Recently, the re/insurer also announced the appointment of Chris Getty as cyber and technology underwriter.

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