Canopius Names Newman UK CEO; Sedgwick Selects Gibson as UK CEO

This version of Worldwide Individuals Strikes particulars appointments at Canopius Group and Sedgwick.

A abstract of those new hires follows right here.

Canopius Promotes Newman to UK CEO

Canopius Group, the London-based specialty re/insurer, introduced the appointment of Mark Newman as chief govt officer for the UK. Newman takes up his new function from Jan. 1, 2024, transitioning from his present function as CEO for the Asia Pacific area.

Newman can even be a part of the Board of Administrators of Canopius Managing Brokers (CMA), subsequent to approval by the UK’s Prudential Regulation Authority. Interim UK CEO Kate Roy will step down from the place on Dec. 31, 2023 and retains her function as group chief working officer.

Canopius is now actively shortlisting each inner and exterior candidates to succeed Newman within the function of APAC CEO. Newman will proceed to assist the area within the interim and past, to make sure a clean continuation of management.

Newman takes up the UK CEO place after seven years with the enterprise, having joined Canopius as APAC CEO in 2016 and becoming a member of the worldwide management group in 2021. He has been a Canopius Asia Pte. Ltd (CAPL) board member and Financial Authority of Singapore (MAS) accepted principal officer since 2016.

Throughout his time as head of Canopius APAC, the unit has elevated income five-fold, and the enterprise has exceeded all key efficiency indicators in its strategic plan, cementing its place as the most important Lloyd’s managing agent within the area.

Previous to Canopius, Newman held a collection of management positions over his three-decade profession, with 20 of these years at chief govt degree. He took on the function of CEO Man Carpenter Fac Asia Pacific in 2000, earlier than transferring to the previously recognized Catlin as CEO APAC in 2008. He later turned head of Asia and Deputy CEO Asia at XL Catlin between 2015 and 2016, based mostly in Singapore.

Newman has been an elected member and group chair of the Asia Pacific Market Group (APMG) since 2019. He was re-elected to serve the pursuits of Lloyd’s managing brokers within the area in 2022, for his second three-year time period.

“We’re thrilled that Mark will probably be taking on the management of our UK enterprise. He has led the profitable evolution of our APAC operations, exceeding the five-year development plan for our Singapore and Australia companies,” commented Neil Robertson, Canopius Group CEO.

“He has confirmed himself to be the proper candidate to tackle the function of UK CEO, and I’m assured that he’ll construct on his sturdy observe file and help our UK groups execute their development plans.”

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Sedgwick Appoints Gibson as UK CEO

Sedgwick, the Memphis, Tenn.-based loss adjuster, has named Neil Gibson its CEO within the UK.

Gibson most lately served as COO of Sedgwick’s operations within the UK, New Zealand, Center East, Africa and Asia. He brings to his new function greater than 18 years of insurance coverage trade management expertise and a long time of operational claims administration and colleague growth experience. Gibson additionally serves on Sedgwick’s international environmental, social and governance (ESG) committee.

With Gibson’s appointment, Paul White — who has been serving as Sedgwick CEO for the UK, New Zealand, Center East, Africa and Asia — will retain oversight of Sedgwick’s enterprise within the UK and different worldwide territories as regional CEO.

“Given Neil’s profitable four-year tenure as COO, he’s the pure selection to steer and drive our UK enterprise to the following degree,” White stated. “His trade expertise and excellent information of our native enterprise will serve him properly in delivering the very best service to our purchasers, and his involvement in Sedgwick’s actions will pave the best way for his continued success. Neil brings vital worth to his new place as Sedgwick continues to spend money on the UK market.”