Canopius, a global specialty and P&C (re)insurer, has announced the appointment of Mark Houghton to the newly created role of Global Product Leader, Specialty.
Starting in October, Houghton will oversee the governance, performance, and standards of Canopius’ specialty underwriting lines across the business.
He will also drive product development and innovation while establishing the company’s risk appetite for specialty lines worldwide. Houghton will report directly to Group Chief Underwriting Officer, Sam Harrison.
Harrison commented: “2024 will be another milestone year for Canopius as we look to build on a record 2023. To realise our continued growth ambitions, we’re expanding our global underwriting structure to help us innovate and develop products in line with our strategic objectives and risk appetite.”
“Having someone responsible for product innovation and development globally from our base in Singapore reflects our growing footprint across the world.Mark is perfectly suited to this new role with his incredibly valuable experience. I’m delighted to welcome him to the team.”
Bringing over 20 years of experience in insurance and financial services, Houghton joins Canopius from AXA XL, where he led the Political Risk team for over a decade before becoming Head of Specialty in Asia.
This appointment follows a series of significant hires at Canopius Group this year, including Soon Keen Lee as CEO in APAC & MENA, Jesse DeCouto as Chief Underwriting Officer, Tonia Morgan as Chief Financial Officer of Canopius Reinsurance Limited, Uwe Schoberth as Head of US Distribution, and Matthew Crane as Head of UK Distribution.
Mark Houghton, incoming Global Product Leader, Specialty, added: “Canopius is known for its collaborative approach, always going the extra mile for its clients and brokers. It’s a hugely exciting time to be joining the business and I look forward to helping cement Canopius’ status as a provider of practical solutions in the world’s leading specialty markets.”
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