The acquisition of the specialist insurance MGA comes as AUB continues to build scale across its agencies portfolio while expanding its insurer and market partnerships.
The deal adds broker-distributed home and contents cover to Canopius' Australian business, which accounted for more than 40% of its Asia-Pacific book in late 2025.
The promotion comes as Ocean Underwriting expands its liability business through a recently launched complex risks facility and additional underwriting hires.
The 35-year-old Australian MGA is writing prestige, luxury, high-performance and classic motor risks for New Zealand brokers on MS Amlin capacity at Lloyd's.
Led by former Swiss Re Corporate Solutions and AIG executive Giuseppe Carone, the Lloyd's-backed MGA will focus on professional indemnity, cyber and management liability risks.
