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LONDON—Canopius Group Ltd. has appointed Inga Beale as group CEO, effective Jan. 3, 2012, Canopius announced Thursday.
Ms. Beale will report to Michael Watson, currently chairman and chief executive, who becomes executive chairman. Jim Giordano continues in his role as group chief underwriting officer.
In its announcement, the London-based insurer and reinsurer said that in her new position, Ms. Beale will assume ultimate responsibility for all of Canopius' business operations in the United Kingdom and overseas.
“For the past eight years, Jim Giordano and I have overseen the group’s operations,” said Mr. Watson in a statement. “We believe the scale and complexity of Canopius now require that we add an additional member to our most senior ranks to oversee the next stage of our development.”
Ms. Beale has held several executive positions in the insurance industry, most recently as global chief underwriting officer of Zurich Financial Services Group.