Sompo International, the Bermuda-based P&C re/insurer, has announced the appointment of Ray Santiago as Executive Vice President and leader of the company’s US Commercial Management Liability (CML) and Financial Institutions (FI) teams.
In this role, Santiago will have management oversight for Sompo International’s US CML and FI teams.
These teams will continue to be led by Joe Spallone, Senior Vice President, CML and Dennis Krause, Senior Vice President, FI, respectively.
Most recently, Santiago served as Senior Vice President of Underwriting for XL Catlin’s Professional Liability team, prior to which he was Regional Executive for AIG’s New York and Mid-Atlantic region and the Financial Institutions Industry Leader for Willis.
Going forward, Santiago will report to Chris Sparro, Chief Executive Officer of U.S. Insurance, Sompo International and will be based in the company’s New York office.
Sparro commented: “Ray’s extensive technical expertise as an experienced D&O underwriter and his deep knowledge of the professional lines market makes him a terrific choice to lead our CML and FI teams.”
“I am delighted to welcome Ray to Sompo International’s U.S. Insurance team and look forward to working with him as we continue to expand our efforts and deliver exceptional service professional liability to our brokers and clients.”
Sompo International Insurance’s U.S. Commercial Management Liability practice offers a range of specialized primary and excess management liability products including Directors & Officers Liability, Employment Practices Liability (EPL), Fiduciary Liability and Crime Insurance.
The company’s U.S. Financial Institutions team, meanwhile, specifically serves traditional financial institutions and alternative asset managers with a range of solutions.
