News Regional02 May 2019

Australia:Lloyds' (re)insurer plans Asia-Pacific expansion with new Sydney office

As part of its ongoing efforts to expand in the Asia-Pacific region, global specialty lines (re)insurer Canopius announced plans to open an office in Sydney to underwrite business in time for the 30 June renewal season. Subject to regulatory approval, the Sydney operation will provide a local underwriting hub for business in Australia and New Zealand. It will target a combination of SME business via coverholders, wholesale direct and facultative as well as reinsurance treaty business.

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