Canopius, a global specialty and P&C re/insurer, has formed a strategic partnership with Globex Underwriting Services to strengthen the placement of local marine insurance policies worldwide.
The collaboration enables Canopius to extend admitted local marine coverage across more than 200 countries and territories, according to InsurTech Insights. By leveraging Globex’s global network and digital infrastructure, the insurer aims to streamline multinational programme delivery while ensuring compliance with local regulatory and tax requirements.
Under the agreement, Globex will provide integrated support spanning compliance, premium collection, tax handling and claims management. The model is designed to simplify the administration of multinational marine programmes and give Canopius greater confidence in serving complex, cross-border risks.
Canopius head of marine, US Neetu Varghese said, “We’re thrilled to partner with a well-established global leader in multinational admitted coverage. Globex’s long-standing experience across major lines of business, including marine, and its extensive global client base, further strengthen our ability to grow our portfolio and serve our clients’ multinational risks efficiently and reliably.”
Globex International Group president Douglas B. Fay added, “Globex is excited to partner with Canopius, a leader in the global specialty lines space. For over 30 years Globex has delivered best-in-class global placement services. Through our multinational experience, proprietary platform, and network of local partners, Canopius will be able to offer comprehensive and competitive global programs. We look forward to scaling their offerings worldwide.”
The partnership positions Canopius to expand its global marine footprint while offering clients streamlined access to compliant, locally admitted coverage supported by established international infrastructure.
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