Global specialty and P&C (re)insurer Canopius has appointed Mark Houghton to be its global product leader, specialty.

Houghton will start in October and oversee the governance, performance and standards of Canopius’ specialty underwriting lines.

In addition, he will be in charge of product development and innovation as well as founding Canopius’ risk appetite for specialty lines across the world.

He will report to group chief underwriting office Sam Harrison.

Previously, he led the political risk team at AXA XL.

Sam Harrison, Group Chief Underwriting Officer, said: “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.

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“Mark is perfectly suited to this new role with his incredibly valuable experience. I’m delighted to welcome him to the team.”

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.” 

Earlier in June 2024, Canopius appointed Chris Getty as cyber and technology underwriter.

Getty joins immediately and boosts the Canopius cyber team while reporting to Mike Shen, head of cyber & technology, London market.

In addition, Getty brings over nine years of cyber insurance to Canopius. He joins from Talbot Underwriting he was most recently the head of cyber and technology.