Canopius chairman to join Vario as non-exec

Sompo Canopius chairman Michael Watson is joining ILS structuring
firm Vario Partners as a non-executive partner, from 1 October.
Watson led a management buy-out of Lloyd's managing agency
Canopius and its subsequent sale to Sompo Japan Nipponkoa Insurance
in 2013. He is also a member of the Council of Lloyd's and a
board member of the Lloyd's Market Association.
Watson said Vario's model offered a "genuinely new
approach to risk modelling and capital management in the insurance
sector" and that