Sompo Canopius loses its head

An abrupt management reshuffling at Sompo Canopius , which announced the sudden departure of Group CEO Stuart Davies, who has been heading the global reinsurer since May 2015. Michael Watson, founder and currently Non-Executive Chairman of Sompo Canopius, will become Executive Chairman. He will be supported by Mike Duffy, Group Chief Underwriting Officer, and Paul Cooper, Group Chief Financial & Operating Officer.