Bermuda domiciled property and casualty (P&C) insurer and reinsurer, Sompo International Holdings Ltd., has announced that its Chief Executive Officer (CEO) of Global Insurance, John (Jack) Kuhn, will also assume the new role of Chief Underwriting Officer (CUO) for Sompo International’s P&C business.
In his new role, Kuhn will undertake leadership responsibilities across the re/insurer’s underwriting operations as the firm continues to expand the overseas operations of its parent, Sompo Holdings Inc.
Stephen Young, CEO, Global Reinsurance, will report to Kuhn, and will continue to serve as a member of Sompo International’s P&C Executive Team.
John Charman, CEO, Sompo International, said: “With the significant expansion of our Commercial P&C business, we need to leverage the considerable talent and expertise within our organization and evolve our leadership structure to support our strategic vision. With a demonstrated track record of transforming our insurance business, I have every confidence that Jack will successfully guide us to considerable future growth across both our insurance and reinsurance platforms.
“I have had the pleasure of working closely with Stephen over the last few years as he has led the transformation of our global reinsurance portfolio. I am confident that he will continue to provide excellent strategic direction and technical expertise, as we continue to develop our specialty reinsurance capabilities and extend our global reach.”
Before Sompo, Kuhn joined Endurance Specialty Holdings Ltd. in November 2012 from AXIS Capital, where he was most recently CUO, AXIS Insurance.
He has 30 years’ of insurance industry experience, and has built and led successful specialty insurance operations in the U.S. and internationally while at Kemper Insurance and the Chubb Group.
Kuhn, commented: “I am very excited at the opportunity to take on broader responsibilities across both our insurance and reinsurance segments as we build Sompo International into a truly global integrated platform. We have very strong management teams across both segments and I look forward to working with them as we further enhance our underwriting capabilities.”