Canopius is the brand name for our insurance business and Sompo Canopius Re is the brand name for our reinsurance business.
Canopius was formed via a management buyout in December 2003, with £25 million equity capital. Since then it has achieved significant growth through a mix of organic expansion and acquisition. Canopius is one of the top 10 insurers in the Lloyd's insurance market and across the group wrote in excess of $1.3 billion premium in 2016. The group was bought in 2014 by Sompo Japan Nipponkoa Insurance Inc., an A+ rated company and one of the top three Japanese P&C insurers. It is itself the principal subsidiary of Sompo Holdings Inc., which has total assets of close to $100 billion.
Sompo Canopius AG is domiciled in Zurich and operates in the UK, Ireland, Netherlands, Switzerland, Bermuda, US and Singapore.
At Lloyd's, Canopius operates through Canopius Managing Agents Limited, which manages a single syndicate (4444) with one other in run off. For 2016, Canopius owns 87% of capacity on Syndicate 4444. The Active Underwriter of Syndicate 4444 is Group Chief Underwriting Officer Mike Duffy.