Reinsurance News

Sompo Intl. hires Zurich’s Weiss as Head of Property & Energy Insurance for Continental EU

24th August 2023 - Author: Jack Willard

Sompo International, a provider of commercial and consumer property and casualty re/insurance, has hired Angela Weiss as Head of Property & Energy Insurance for Continental Europe.

sompo-international-logoHer appointment is effective from September 1, 2023.

In the role, Weiss will be based in Zurich, where she will report to Ralph Brand, President Continental Europe Insurance.

Weiss joins Sompo International from Zurich Insurance where she served as Head of Underwriting Property, Engineering Lines and Marine for Switzerland and international Austrian business.

She has also previously served in a variety of leadership and underwriting roles in Property, Energy, Engineering Lines, Marine and Risk Engineering at Zurich Germany, AXA and FM Insurance.

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Brand, commented on the appointment: “We’re continuously investing in our Property and Energy offering for Continental Europe where we see a growing demand for market leading expertise and capacity. Angela’s in-depth industry knowledge and broad experience, combined with her extensive network within the insurance community, make her the ideal person to lead our ambitions in this important field and build a strong team across Continental Europe.”

In their Q123 results, Sompo Intl. saw an increased underwriting income of $150 million, compared to the same period last year. According to the company, this 27% increase was due to overall top-line growth and combined ratio improvement in SI Consumer. The figure compares to the $11 million in underwriting loss reported in Q122.
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