Sompo International has appointed Nicolas Burnet as the new Chief Financial Officer (CFO), replacing company veteran Michael McGuire, who has decided to step down.
Burnet joins Sompo International from Partner Re, where he most recently served as CFO.
Before this, he spent nearly 16 years with Zurich Insurance Group in various leadership positions, including Group Head of Planning and Performance Management, CFO for General Insurance and Global Life CFO.
Burnet began his career in financial services with various companies including Neuberger Berman, JP Morgan and Price Waterhouse.
Commenting on his new role, he said, “I’m thrilled to join Sompo International at such an important time in the organization’s growth journey. I’m looking forward to building on its record of exceptional delivery in close collaboration with the leadership team and colleagues globally.”
James Shea, CEO of Sompo International, and to whom Burnet will report, added, “I am very pleased to welcome Nick to Sompo.
“With his considerable expertise and strong background from multiple financial positions overseeing both P&C and Life business on a global basis, Nick will play a key part in driving our ambitious growth plans and shaping the future of our company. He is a well-known and dedicated leader in the insurance industry who will make an immediate impact.”
Meanwhile, McGuire, who decided to step down from the CFO role, has served at Sompo International for two decades.
On this, Shea said, “It has been a great pleasure working with Mike since I joined Sompo in 2021 and I’ve seen up close his dedication and passion to lead with our core values and put our people, clients and trading partners at the centre of everything we do.
“Mike has been integral to the growth of our organization and has played a key role in bringing us to where we are today. I thank him for his exceptional contributions and am pleased he will remain with us to support the transition process and to consult with me on various strategic initiatives.”
