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Canopius Group makes two key hires in house division

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Canopius Group announced the appointment of Richard Parker as joint Head of Space and Kelly Bromley as Underwriting Assistant. The appointments make Canopius’ space team one of the largest in the market.

Parker will serve as the joint space director alongside Chris Gibbs. Parker has over 34 years of space insurance experience in international markets. Prior to joining Canopius, he was Divisional President of Assure Space, an underwriting agency he founded in 2011. He also held managerial positions in the space departments of PartnerRe and AXA.

Bromley has three decades of corporate governance and 22 years in the satellite insurance market, primarily focusing on contract management and technical underwriting. Like Parker, Bromley joins Canopius from Assure Space, where she was also a founding member and held the position of reinsurance contract manager.

“With Richard and Kelly joining Chris Gibbs and colleagues, this will form one of the most experienced and skilled teams in the space insurance market,” said Christopher Jarvis, joint active underwriter at Canopius. “With the increase in satellite launches driven by the demand for broadband, older satellites being replaced, and the International Space Station’s replenishment plans becoming more regular, the opportunities are considerable. Canopius has built an outstanding capacity that is ideally positioned to take advantage of it and make Canopius one of the world’s leading space insurers. “

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“I’m excited to have Richard and Kelly join the Canopius space team, both of whom will greatly improve our skills,” said Gibbs. “Not only does your accession give Canopius’ space position an extremely well-connected presence in the US, but Assure Space’s capacity to combine with ours will make Canopius one of the five largest space insurance markets. Their considerable combined expertise in the insurance market and also in the space industry will be of great value to our customers and our strategic ambitions. “

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