Canopius Takes Over National Home and Contents Underwriting in Brisbane
1 report, 1 independent
Updated Oct 1
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What happened
Canopius assumed underwriting operations in Brisbane on October 1, 2026. Starting December 1, Castle Insurance will transfer its national home and contents portfolio to Canopius, replacing QBE Insurance Australia as the underwriter. Castle Insurance also became a Lloyd's coverholder through Canopius managing Lloyd's Syndicate 4444.
Why it matters
The transfer of the national home and contents portfolio to Canopius changes the risk market structure in Queensland. QBE Insurance Australia remains involved in regional Queensland and Norfolk Island under the Sure Insurance brand.
Who's involved
- CanopiusAssumed underwriting operations in Brisbane.
- BrisbaneLocation where Canopius established underwriting operations.
- QueenslandState where the underwriting capacity change occurs.