Canopius signs partnership with Anvil Underwriting Ltd
Canopius today announces that it has signed a partnership with Anvil Underwriting Ltd (Anvil) a credit and political risk MGA. The agreement is effective from 3rd September and will allow Anvil to underwrite credit insurance, contract frustration and political risks on behalf of Canopius.
Through its partnership with Anvil, Canopius will be able to provide policy limits of up to US$25 million and tenor of up to ten years for contract frustration and up to US$15 million and tenor of maximum seven years for trade and non-trade credit risk.
Bernie de Haldevang, head of specialty at Canopius, said: “This agreement provides a great opportunity for Canopius and Anvil to provide a complementary means to access the credit and political risk market and will allow us to show a nuanced risk appetite. I am delighted that we now have this agreement up and running, and encouraged by the interest that Anvil has already been seeing across the market. The agreement is now in force and we look forward to providing the market with increased flexibility and underwriting expertise.”
Navaid Farooq, managing director at Anvil, said: “Through this partnership with Canopius we can deliver cover for more credit and contract frustration risks as well as political risks, offering significant benefit to our clients. Through this arrangement Canopius will cover 100% of the risks for Anvil’s clients and be able to build a high quality book.”
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For further information please contact:
Caroline Klein, Canopius
+44 20 3750 2815
David Haggie / Richard Adams, Haggie Partners
+44 20 7562 4444
Navaid Farooq, Anvil
+44 20 3753 4621
About Canopius AG (“Canopius”)
Canopius is a global specialty (re)insurer with underwriting operations in the UK, Netherlands, Switzerland, Bermuda, US and Singapore. It underwrites through Lloyd’s Syndicate 4444 (managed by Canopius Managing Agents Limited) and a US surplus lines insurer, Canopius US Insurance, Inc. The group offers the following specialist lines:
- Direct and facultative commercial property
- North American excess and surplus lines binding authorities, including commercial property, SME commercial package, casualty, homeowners, auto
Marine, Energy & Engineering
- Marine insurance, including cargo, liability, property, specie, niche hull and space
- Energy insurance, including property, liability, OEE/COW, construction, renewable
- Construction and engineering
- Heavy Industry
- Credit & political risk, including contract frustration and excess of loss trade credit insurance
- Crisis management (war on land, sabotage and terrorism, kidnap and ransom)
- US management and professional lines
- International accident & health
- International medical expenses
- Household and specialist property / niche personal lines
- Commercial combined for the SME sector
- Specialist Consumer Products including warranty, creditor, mortgage indemnity and accident & health
Reinsurance
- Property treaty
- Casualty treaty
- Marine treaty
- Agriculture treaty
- Structured
For more information, visit www.canopius.com or follow @CanopiusGroup