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Specialty insurer's chief operating officer stepping down

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Sompo Canopius A.G. on Thursday said Chief Operating Officer Stephen Manning will leave the group at the end of 2016.

London-based Sompo Canopius declined to disclose Mr. Manning's future plans.

Mr. Manning joined Sompo Canopius in August 2005 as chief risk officer. Most recently, he was COO and head of Sompo Holdings regional enterprise risk management center for the U.S. and Europe, the company said in a statement.

“I would like to thank Steve for all his vision, drive, enthusiasm and dedication. As COO, he has led all the business's support functions, including the significant Solvency II program, and has built a platform supporting multiple classes of business. We wish him the best for the future. We will be looking at Steve's responsibilities and decide how they are managed in due course,” Stuart Davies, CEO of Sompo Canopius, said in the statement.