Reinsurance News

Sompo International adds Pützer as Head of Financial Lines Insurance in Germany

20th May 2019 - Author: Charlie Wood

Bermuda-based property and casualty re/insurer Sompo International Holdings (SIH) has announced the appointment of Udo Pützer to the company’s European insurance platform as Head of Financial Lines Insurance, Germany.

Udo PützerHe will be based in the company’s Düsseldorf office and will introduce a range of management liability, professional indemnity, and financial institutions products to the German insurance market.

Pützer will also work in conjunction with the company’s specialised M&A insurance underwriting team in Barcelona to offer transaction risk products.

He reports to Mathieu Borneuf, Senior Vice President, Continental European Professional Liability Insurance.

“As a seasoned underwriting leader with extensive underwriting and operational experience in the German insurance market, Udo is a welcome addition as we broaden our professional lines focus in the European Economic Area (EEA),” said Thomas Mannsdorfer, Executive Vice President and Head of European Specialty Underwriting at Sompo International.

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Thomas Brazil, Chief Executive Officer of SI Insurance (Europe), SA, added, “Europe is a strategic market for Sompo and we continue to expand our product offerings to our EEA clients.

“New professional lines capabilities in Germany complement our property, casualty and marine offerings and further enhance SI Insurance (Europe)’s ability to expand our footprint in this region.”

Pützer joins with over 15 years’ experience and most recently served as Head of Field Underwriting –- Financial Lines at Amlin Insurance SE in Cologne, Germany.

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