Newman takes the Canopius UK CEO function from 1 January 2024, shifting from his function because the chief govt of the Asia Pacific area.
As well as, he’ll be part of the board of administrators of Canopius Managing Brokers (CMA), subsequent to approval from the PRA.
Interim UK CEO Kate Roy will step down on the finish of the yr and can retain her function as group chief working officer.
Newman takes up the UK CEO place after seven years with the agency, having joined Canopius as APAC CEO in 2016 and becoming a member of the worldwide management staff in 2021. He has been a Canopius Asia board member and Financial Authority of Singapore (MAS) authorised Principal Officer since 2016.
Throughout his time as head of Canopius APAC, the unit has elevated income five-fold, and the enterprise has exceeded all key efficiency indicators in its strategic plan, cementing its place as the biggest Lloyd’s Managing Agent within the area.
Previous to Canopius, Newman held quite a lot of management positions over his three-decade profession, with 20 of these years at chief govt stage. He took on the function of CEO Man Carpenter Asia Pacific in 2000, earlier than shifting to the previously identified Catlin as CEO APAC in 2008.
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Neil Robertson, Canopius Group CEO, mentioned: “We’re thrilled that Mark will likely be taking on the management of our UK enterprise. He has led the profitable evolution of our APAC operations, exceeding the five-year development plan for our Singapore and Australia companies. He has confirmed himself to be the correct candidate to tackle the function of UK CEO, and I’m assured that he’ll construct on his robust monitor report and help our UK groups execute their development plans.
Newman mentioned: “For me, it’s at all times all in regards to the individuals – I’ve been privileged to be a part of a superb APAC staff, and one which I’m additionally very pleased with – it’s that collective success that has certified me for this new and thrilling function. I stay up for working with all our UK colleagues too, in striving to take Canopius to the subsequent stage.”