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Canopius refocuses on U.S. direct property business

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Canopius Group Ltd. plans to expand its U.S direct property business with the appointment of Bradley Winfield as head of US direct property, Canopius said Thursday.

Mr. Winfield will be based in New York and report to Derek Hansen, global head of direct & facultative property.

The appointment will allow the London-based insurance and reinsurance platform of Sompo Japan Nipponkoa Insurance Inc. to offer expanded property capacity, consistent with its overall strategic growth ambitions, the company said in a statement.

Mr. Winfield joins Canopius from Ironshore Inc., where he most recently served as senior vice president and head of U.S. retail property.

“We are delighted that Bradley has joined us to spearhead the growth of our direct property business in the United States,” said Mr. Hansen in the statement. He added that around three quarters of existing direct and facultative business comes from the U.S., and having a local presence will be “invaluable” for clients.