Adhiraj Maitra has been appointed as group head of sustainability at Canopius Group, the global specialty re/insurer with an operation on the island.

Reporting to Lindsay Astor, chief of staff and head of strategic development, Mr Maitra will be responsible for Canopius Group’s ESG position worldwide.

This will involve developing a cohesive ESG strategy to meet regulatory requirements, including a forward-looking responsible underwriting policy, a sustainable investment approach and a strategy to further develop a positive and inclusive culture.

He joins Canopius from WTW where he was the global head of ESG and climate change for the insurance consulting business.

Mr Maitra said: “We are at a crucial juncture, where understanding the impact of the uncertainties around ESG and acting on it is it becoming a strategic and commercial priority for insurance companies. While there are many challenges faced by the industry, there are many opportunities as well.

“Innovation and collaboration across organisations and looking beyond a one-year horizon are some of the key factors that lead to commercial success and improved resilience.

“Canopius has demonstrated great leadership in this in recent years and its new leadership is demonstrating the insight, drive and ambition to take the business to the next exciting stage.

“I am delighted to be joining the Canopius family and to be part of this change over the next decade.”