AM Specialty Insurance Group (ASIG), an excess and surplus (E&S) carrier and global provider of niche commercial re/insurance solutions, announced the appointment of Michael Watson to its Board of Directors.
Watson has a career in financial services spanning over 45 years, having held senior positions in London, New York, Bermuda and Ireland, beginning his career with Arthur Andersen & Co. and qualifying as a Chartered Accountant.
He is the founder, former Chairman and Chief Executive Officer of Canopius Group, a global specialty (re)insurance company with over $4 billion in gross written premiums.
During his tenure at Canopius, Watson oversaw the company’s transformation through two management buyouts, two sales to strategic investors and four major acquisitions.
Since its founding in 2003, Canopius has grown from a small syndicate to a global entity and now has the largest syndicate and global office network at Lloyd’s.
Over the past 30 years, the executive has gained extensive experience in specialty property and casualty insurance and reinsurance. In addition to his financial services background, he has expertise in commercial and investment banking, trade finance, securities trading and life insurance.
In addition, Watson is a former member of the Lloyd’s Council and a former board member of the Lloyd’s Market Association.
Commenting on Watson’s appointment, Shevawn Barder, Group CEO of AM Specialty Insurance Group, said: “Michael’s appointment is a significant addition to our Board of Directors.
“His experience in building and scaling global specialty insurance businesses, coupled with his deep Lloyd’s market experience and strategic perspective, will be extremely valuable as we continue to develop AM Specialty’s platform and growth.”
