With a new name after the sale of Canopius Holdings Bermuda to Tower Group Inc, Canopius Reinsurance is looking to recruit more employees and expand on the Island, the company confirmed.Canopius last week renamed its Bermuda-based reinsurance platform Canopius Reinsurance. Previously it was Omega Specialty Insurance.A Canopius spokeswoman told us that following the sale, “we absolutely do continue to have a presence in Bermuda.”“We currently employ seven staff and are recruiting to add to this number,” she said.Five of the seven staff are Bermudian.Canopius Reinsurance Limited is a Class 3A reinsurance company with $400m of capital. It writes structured reinsurance business for third parties and provides capital support to Canopius Group’s underwriting operations at Lloyd’s.Stephen Hartwig has been named to succeed Susan Patschak as chief executive officer of Canopius Bermuda on June 1.“Our platform in Bermuda remains a vitally important part of Canopius’s global presence,” Michael Watson, executive chairman of Canopius, said in a statement announcing the name change last week.“We have increased the Group’s capital commitment to CRL, which will assist in the development of its business. We have also recently increased our excess casualty capacity from $25m to $37.5m with the support of a global reinsurance panel, and will be expanding our team accordingly,”