Specialty insurer Canopius named a new head of its Credit & Political Risk team. Guy Carpenter & Company appointed a new managing director of its Global Risk Solutions division.

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Canopius, a global specialty insurer and reinsurer, promoted Stephen Pike as head of its Credit & Political Risk (CPR) team, which is part of the Credit, Political & Crisis (CPC) division.

In his new role, Pike will lead the CPR team, further developing its proposition across Europe and internationally. His appointment underlines Canopius’ commitment to CPC as a key area of focus for the group, which following its 2019 merger with AmTrust, has one of the largest teams in the Lloyd’s market, the company said.

Pike joined Canopius as an underwriter in CPR in 2017 from ED&F Man Capital Markets where he co-led the build-out of their global trade finance business. He began his career at Merrill Lynch, focusing on M&A and then leveraged finance, before moving to a special-situations hedge fund where he traded corporate debt, restructured businesses and managed those businesses to growth.

Pike reports to Bernie de Haldevang, who oversees CPR as the overall Head of Credit, Political & Crisis (CPC) at Canopius.

Canopius is domiciled in Jersey (one of the Channel Islands), It is a global specialty insurer and reinsurer with underwriting operations in Australia, Bermuda, China, Netherlands, Singapore, the UK and US.

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Guy Carpenter & Company appointed Andrea Piatti as a Managing Director, Global Risk Solutions.

Piatti will be responsible for originating and driving opportunities to better serve clients in the customized reinsurance space across Europe and MENA, including structured reinsurance treaties and capital management/solvency-related transactions.

Based in Zurich, Piatti will work closely with Guy Carpenter’s broking and analytics teams across the region, and will report to Frank Achtert, Head of Strategic Advisory, EMEA, and Ronnie Carroll, Managing Director, Global Risk Solutions.

Piatti brings over 20 years of reinsurance market experience to the role. Prior to joining Guy Carpenter, he was Head of European M&A at Armour Risk Management Ltd, and has also held senior positions at MS Amlin, Amlin Re Europe and Partner Re.

Guy Carpenter is a global risk and reinsurance specialist and a business of Marsh & McLennan Companies.

Sources: Canopius, Guy Carpenter