Canopius has consolidated its energy, heavy industry and construction teams to create a combined natural resources team.

Reflecting an evolution in broker placement practices, the new team will underwrite upstream, midstream and downstream energy risks, as well as power and renewables, mining, metals and chemicals.

The move is intended to allow underwriters to work more closely with brokers on cross class solutions, and to improve alignment with how risks are placed in the market.

The team will combine technical specialists, in house engineers and claims experts to support knowledge sharing on emerging risks.

Alongside core cover, the offering will include complementary products such as sabotage and terrorism, cyber, project cargo and casualty.

Mark Houghton, global product leader, specialty at Canopius, said: “Our main goal is always to find the best and most efficient way to help our brokers deliver for their clients. With upstream, midstream and downstream energy, as well as power and renewables, mining, metals and chemicals being interconnected, we wanted to make sure we were best set up to reflect the fact that they often require similar expertise. With a consolidated team, we can provide a more efficient service across the whole lifecycle from risk mitigation to claims.”

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