Bermudian-based Charles Craigs has been promoted to group head of reinsurance at Canopius Group, the global specialty re/insurer with an operation on the island.

The move comes as the Jersey-domiciled group makes senior appointments and reorganises its global underwriting operations into four key areas -- specialty, short tail, reinsurance and casualty -- to both enhance the focus on specialist underwriting capabilities and enable its three business regions to reach their greatest potential.

As part of the reorganisation, the company said, each of Canopius’s business units – US & Bermuda, the UK and APAC – are now more empowered with each gaining its own executive team, allowing the business unit to better focus on serving its brokers and customers.

Lisa Davis remains as CEO, US & Bermuda, with a chief underwriting officer for the region to be announced in due course, Canopius said.

Sarah Willmont has been promoted to UK CEO and Alois Rouffiac to UK CUO.

Mark Newman remains as CEO of Canopius APAC, with Yann Marmonier promoted to APAC CUO.

Neil Robertson, Canopius’ group chief executive officer, said: “We have made changes to the structure of our business to create a better balance between our global product offering and our regional business units.

“This will also enhance our strength – both from a performance and operational perspective – and creates benefits for all stakeholders, and most specifically our customers.”

Canopius’ claims function will now also be represented on both the group and regional executive teams and will reflect the global underwriting structure in its design, the company said.

The restructure also leads to the creation of new leadership roles in underwriting, three of which have been filled internally, the company said, underlining Canopius’s commitment to enabling talent from within its business.

In addition to Mr Craigs’ promotion, Rachel Sabbarton becomes group head of short tail and Bernie de Haldevang, group head of specialty.

A group head of casualty will be announced in due course, Canopius said.

The new roles and appointments are subject to all necessary regulatory approvals.

Mr Robertson added: “With dedicated teams now in place and important new senior leadership positions filled with proven talent from within, this restructure advances our potential to realise our growth ambitions and drives empowerment throughout the organisation.”