Bermudian insurer and reinsurer, Sompo International Holdings Ltd. has announced the appointment of David Carter as Chief Underwriting Officer (CUO) and Executive Vice President (EVP) of Sompo Global Risk Solutions (GRS).
In his new role, Carter will report to Michael Chang, Chief Executive Officer (CEO) of Sompo GRS, and will become a key member of the company’s senior leadership team.
As CUO and EVP of Sompo GRS, Carter will have oversight of underwriting strategies, new product innovation and underwriting guidelines, as well as expense and profitability management. He will be tasked with leveraging his extensive experience to help the firm continue on its profitable growth trajectory, introducing new and innovative solutions, and through expansion of the firm’s network of brokers and agents across the U.S. and Mexico.
He has more than three decades of insurance industry experience, and most recently served as the Chief Insurance Officer at InsurTech start-up DriveOn. He started his career with Aetna before working at Travelers Insurance for 17 years where he held a number of roles. After Travelers, Carter spent seven years with The Hartford Insurance Company.
Commenting on Carter’s appointment, Chang said: “David’s creativity and expertise in evaluating innovative approaches to underwriting and risk management will be invaluable to the continued profitable, fast growth that Sompo GRS is expected to achieve through our integrated industry vertical model. In his role, David will help us continue to enhance the Sompo GRS experience, adding to our white glove service model and ultimately benefiting our clients.
“David’s track record of leading teams that deliver superior client service and excellent results make him an ideal fit for the Sompo GRS executive team. We are very pleased to have him join our organization.”