The speciality re/insurer said it is still committed to expanding its island operation, despite walking away from business amid tougher market conditions. Canopius’s decision comes amid mounting pressure on reinsurance prices. Charles Cooper, global head of reinsurance and CEO of the Bermudian entities of Canopius (Photograph supplied)Canopius has been expanding its Bermuda leadership team in recent years. The island operation is led by Charles Cooper, CEO of Canopius Reinsurance Ltd and global head of reinsurance. At the end of 2025, Canopius said its Bermuda business had grown across every line, particularly in casualty reinsurance.