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Canopius appointments underline stategic growth plans

Canopius Group said it has appointed Grant Elliott as head of business development and Sally Coryn as head of corporate development.

Mr Elliott joins Bermuda's Canopius from Aon where, since 2009, he was strategic business director and head of its Asia desk based in London.

With more than 30 years of experience in the sector, he brings to Canopius his management and technical skills as well as valuable expertise in strategic development across global markets, the re/insurer said.

He will report to Global Speciality CEO Stephen Gargrave.

The role of Sally Coryn, previously head of business development and Communications, has expanded to reflect her increasingly strategic focus and the Group's ambitions for further growth.

As head of corporate development, her responsibilities will include strategy, marketing, and corporate communications (including management of third party capital relationships).

Group CEO Inga Beale said: “Canopius has a clear strategy for profitable growth and a mandate to ensure we have the right talent in place to continue to achieve our ambitions. “The addition of Grant to our team means we are even better placed to grow the business in the UK and overseas.

“These appointments come at an exciting time for the Group and following our strongest ever financial results. Both will help to capitalise on our success and build momentum further.”

Mr Elliott said: “Canopius has quickly established itself as a top 10 Lloyd's business that does not shy away from declaring its ambitions. It's a confident company that has a clear strategic vision and I am very much looking forward bringing my own skills and experience to Canopius to help achieve its growth targets.”

The new appointments serve to strengthen and support Canopius's strategic focus on profitable growth, as demonstrated by its recent performance. Canopius recently posted record 2013 half yearly results showing an increase in profit of 28 percent (to £42m).

Canopius is owned 84 percent by Bregal Capital LLP, a private equity company; 11 percent by Tower Group International (Bermuda-based global specialty holding company); and 5 percent by management.

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Published October 16, 2013 at 9:00 am (Updated October 15, 2013 at 7:21 pm)

Canopius appointments underline stategic growth plans

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