Two promotions in treaty reinsurance as divisional underwriter steps down

Lloyd's insurer Canopius has completed two promotions in its treaty reinsurance division.

With immediate effect, Jamie Wakeling has been promoted to head of property treaty, responsible for the international and US property treaty accounts, comprising risk and catastrophe excess of loss, pro-rata and retrocessional business, as well as the specialist engineering portfolio.

At the same time, Alice Perry is being promoted to head of casualty treaty. The account comprises short and long tail casualty, motor and retrocessional business for non-US clients.

Together with Andrew Hedges, head of marine treaty, Wakeling and Perry will report to Mike Duffy, joint active underwriter of Syndicate 4444, who will assume direct responsibility for the entire treaty division.

At the end of September 2010, David Clark will step down as divisional underwriter, treaty reinsurance.

The company said Clark will continue to assist Jim Giordano, Canopius Group’s chief underwriting officer "on various projects for a short period".

Giordano said: “I am delighted to recognize the achievements of Jamie and Alice and am confident that their talents will drive the future development of the property and casualty treaty reinsurance accounts.

"Over the past decade David Clark has made an excellent contribution to the organization and we are grateful for the substantial and successful growth of the canopius treaty account which has been achieved under his leadership.

"I am pleased that David has agreed to continue to support the group on an interim basis and wish him well in his eventual retirement."