Will Clark is no longer Canopius’ head of trade credit, GTR has learned.
Clark left the insurance firm this week – just a year and a half after he joined from AIG. GTR has no further information on his next move.
The news comes amid a hiring spree in Canopius’ trade credit and political risk team since Bernie de Haldevang was brought in to lead the specialty division in mid-2016.
Clark joined as head of trade credit in early 2017. He moved from AIG, where he was head of UK trade credit, together with Scott Morrison, who was AIG’s head of supply chain finance.
Mid-2017 then saw the arrival of underwriters Claire Davenport, Daina Muceniece, Stephen Pike and Tim Phillips, senior underwriter Yvonne McCormack and credit and political risk analyst Bruce Shepherd. More recently, Rebecca Marsden left her position as credit and political risk underwriter at AXA Africa’s specialty risks department to take on the same role at Canopius.
In a note sent out to brokers this week, de Haldevang says Clark’s resignation comes as the company is reorganising its two specialty teams, merging the credit and political risk (CPR) and excess of loss trade credit (XTC) teams into one.
“This will provide our brokers and clients with the benefit of further close integration of the two lines of business, which are already closely aligned, and enable the joint business to offer shared skills more effectively,” he says.
The combined team will continue to report to de Haldevang.
Prior to Canopius, Clark worked at AIG for almost six years, and has previously held senior roles at Santander, Lloyds Bank, Central Trust, Atradius and HSBC.