Effective October 1, Davis reports to group Chief Underwriting Officer Mike Duffy and will oversee all of the group’s US operations, comprising of Canopius US Insurance in Chicago and Canopius Underwriting Agency in New York.
She brings over 25 years’ experience and joins from Sompo America Insurance Services, where she served as Executive Vice President, President Asian Risk Solutions at Sompo International since 2016.
Canopius also plans to draw on its partnership with Samsung Fire & Marine Insurance, which became a significant minority investor in Canopius in 2019, by using its Admitted paper to underwrite more US business.
“Hiring Lisa is the next stage in Canopius’ evolution in the U.S. Working closely with CUAI and CUSI, she will develop a single leadership structure and capitalise on the numerous synergies between our U.S. operations,” said Duffy.
“With the support of our partner SFMI, a combined Canopius USA will be able to offer greater flexibility and value to our brokers and clients in the U.S.
“This is a very exciting time and I am very pleased to welcome Lisa to Canopius, whose expertise will help propel our U.S. business to a new level.”
Commenting on her appointment, Davis said, “Canopius’ Lloyd’s and Company platforms in the US had operated as two largely independent businesses in the U.S., and there is huge opportunity in bringing these together.
“Growing something organically is precisely the challenge I wanted at this point in my career, and to be able to build Canopius’ already well-established U.S. business is a fantastic opportunity.
“I have a shared vision with the Canopius management team of harnessing the power of the U.S. businesses, backed by expertise and support from the heart of the insurance world in London and Lloyd’s, to bring huge benefits to our broker partners and clients.”