Top ten Lloyd’s insurer Canopius has appointed Sean Redden as underwriting counsel for its specialty division, with a focus on credit and political risk.
At Canopius he will be charged with reducing operational risk, increase efficiency and enhance client support in loss mitigation and potential claims scenarios.
He will also work on the legal aspects of debt restructuring and refinancing.
In his new London-based role Redden will report to Bernie de Haldevang, head of specialty.
Redden joins Canopius from Chubb, where he was global political risks and claims manager, according to his LinkedIn profile.
He has previously held roles at law firms Clyde & Co, Signature Litigation and Allens.
“Canopius is committed to offering a first class and comprehensive underwriting service to our clients and brokers, and Sean will play a vital role in delivering on that promise,” de Haldevang said.
“Attracting an industry leader with a career as impressive as Sean’s is testament to the organisation we are building at Canopius and I am looking forward to working closely with him again,” he added.
Earlier this year, Canopius CEO Michael Watson completed a $952mn management buy-out of the firm from Sompo Holdings with backing from Centerbridge Partners, Gallatin Point Capital and HPS.