Reinsurance News

Sompo to launch new European specialty insurance unit

5th March 2018 - Author: Staff Writer

Sompo International has revealed plans to launch a new European specialty insurance underwriting operation with an initial focus on management liability, professional indemnity and financial institutions lines.

Sompo International logoExecutive Vice President (EVP), Thomas Mannsdorfer is set to head up the new entity which will partner with brokers across Continental Europe together with Mathieu Borneuf, as Senior Vice President, both will be based in Barcelona, Spain.

Borneuf and Mannsdorfer bring extensive professional lines underwriting experience and first-hand knowledge gained from working in several European markets.

Graham Evans, Chief Executive Officer (CEO) of London Market Insurance, commented: “We are excited to build out our underwriting capabilities in Continental Europe under Thomas and Mathieu and plan to introduce several additional professional lines products and underwriters to the new operation over the next few months.

“The new team will work closely with our established London Market Insurance operation to offer a full suite of products to our international clients underwritten through both our company platform and Lloyd’s syndicate.”

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Jack Kuhn, CEO of Global Insurance, added: “Europe is a key area of growth for Sompo International and we continue to build a strategic presence on the continent.

“As we add specialty underwriting talent, we will be able to more effectively deliver a broader range of products to clients in these markets. Local presence and a distributed producer network will be critical to successful growth, especially as we plan for the post-Brexit environment.”

Mannsdorfer joined Sompo International from ANV Global Services, a specialty lines provider in London and Barcelona, for which he served six years as Director, M&A Insurance and more recently also as Chief Underwriting Officer, International.

He also held various roles at HCC Global, AIG, and Allianz in Spain, France and Switzerland.

Borneuf joined Sompo International in January 2018 from Navigators where he was Head of Management and Professional Liability for Continental Europe and Paris Branch Manager since 2014.

Prior to that, Borneuf held a similar role at Torus Insurance, after joining that company in 2010 as Head of Management Liability and held various roles at Marsh Paris, AIG Australia and AIG Europe.

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