Reinsurance News

Sompo International names Risa Ryan as CUO to strengthen global underwriting capabilities

22nd May 2023 - Author: Akankshita Mukhopadhyay

P&C re/insurer Sompo International appointed Risa Ryan as Chief Underwriting Officer (CUO) and member of the executive team, effective May 15.

In this newly created position, Ryan will be responsible for establishing a collaborative global framework that incorporates best-in-class underwriting and pricing tools.

This framework aims to ensure a consistent approach to underwriting and provide products and services that cater to the multinational needs of Sompo International’s clients.

Reporting directly to James Shea, Chief Executive Officer for Sompo International, Ryan will be based in Florham Park, New Jersey, US.

Prior to joining Sompo International, Ryan served as the Global Head of Standard Insurance Products at Swiss Re.

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She brings a wealth of industry experience, having held positions of increasing responsibility throughout her career. Notably, she was the Senior Vice President and Head of Analytics North America at QBE.

Ryan’s professional journey began at Munich Re America, where she spent 27 years in various leadership and underwriting roles, including Head of Strategy and Analysis, the re/insurer said.

“I’m delighted to welcome Risa to Sompo International. The role of CUO at this stage of our growth is critical to help ensure we continue to operate in a nimble way with a focus on our clients in every market. It is key we build the global underwriting communities and tools across all of Sompo International and collaborate closely with Sompo Japan as more and more of our products and exposures are global. With her wealth of experience and extensive knowledge of the insurance industry, I am confident Risa will play a critical role in the next stage of our organization,” Shea commented on Ryan’s appointment.

“I’m thrilled to join Sompo International at this point in time. I see a tremendous opportunity to further enhance the underwriting function and to contribute value to the business,” Ryan commented.

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