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Swiss insurer Canopius promotes senior execs

Swiss insurer Canopius AG said March 7 that Mike Duffy took over as CEO of subsidiary Canopius Managing Agents Ltd., effective immediately, in addition to his current role as group chief underwriting officer.

Canopius Managing Agents deputy chief underwriting officer Sarah Willmon will become chief underwriting officer of the unit and active writer of Lloyd's Syndicate - 4444 (Canopius Managing Agents Ltd.), subject to regulatory approval.

Canopius is the former Canopius Group, which was acquired by Sompo Holdings Inc. unit Sompo Japan Nipponkoa Insurance Inc. in 2014. The company is in the process of being bought by a fund managed by Centerbridge Partners LP affiliate Fortuna Holdings Ltd.