Reinsurance News
Sompo Holdings
Sompo’s global reinsurance CoR improves on lower CAT losses in Q1 FY’25
14th August 2025
Sompo Holdings, Inc. has posted results for its overseas insurance/reinsurance business for the first quarter of the 2025 financial year, reporting a global reinsurance combined ratio of 85.8%, down 10.9 points from 96.7% a year earlier, due to better-than-expected CAT loss experience. Commercial insurance CoR increased 5.2 points to 93.9% from ... Read the full article
Sompo forms global P&C and Wellbeing business segments
14th February 2025
Sompo Holdings has announced it will restructure its business into two global segments: Sompo Property and Casualty re/insurance (Sompo P&C) and Sompo Wellbeing, effective April 1, 2025. Sompo P&C will combine Sompo International Holdings’ insurance and reinsurance operations with its commercial and consumer P&C business in Japan. James Shea, currently Chairman and ... Read the full article
Sompo appoints Pablo Diago as Chief Claims Officer commercial & consumer insurance APAC
8th January 2025
Sompo, a provider of commercial and consumer property and casualty (P&C) re/insurance, has appointed Pablo Diago as Chief Claims Officer, for the firm's commercial and consumer insurance business in Asia Pacific (APAC), effective immediately. Based in Singapore, Diago will report to Kenneth Reilly, Chief Executive Officer, ... Read the full article
Sompo invests in Palantir’s AI solutions to drive digital transformation
23rd August 2024
Sompo, a subsidiary of the company responsible for the insurance and reinsurance operations of Sompo Holdings Group outside of Japan, has announced its partnership with Palantir Technologies Inc., a vendor of artificial intelligence (AI) systems. With this initiative, Sompo will leverage Palantir’s data integration and AI solution - which the insurer ... Read the full article
Sompo appoints Christoph Müller as Country Manager for Insurance in Switzerland
3rd July 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has announced the appointment of Christoph Müller as Country Manager, Insurance for Switzerland. In his new role, Müller will report directly to Ralph Brand, President of Continental Europe Insurance at Sompo. Brand expressed enthusiasm for Müller’s appointment, stating, “Christoph ... Read the full article
Sompo names Koji Takahashi as CRO & Head of Reinsurance, Japan
6th March 2024
Sompo Holdings, Inc. has appointed Koji Takahashi to replace Emiko Maki as the Chief Risk Officer (CRO) and Head of Reinsurance for Sompo Japan, effective April 1st, 2024, reporting to Koji Ishikawa, President of the core subsidiary. Maki steps down from her positions within Sompo Japan after announcing her retirement. In his ... Read the full article
Lloyd’s becomes the 10th major player to mark its exit from NZIA
30th May 2023
Lloyd's announced its resignation as a member organisation from the Net Zero Insurance Alliance with immediate effect on Friday. This makes it the tenth major insurance and reinsurance player to offer its resignation since last week. Lloyd’s, the insurance and reinsurance market in London, mentioned in a statement that it will ... Read the full article
QBE and Sompo the latest re/insurers to quit NZIA
26th May 2023
QBE and Sompo Holidngs have both announced their resignations as a member organisation from the Net Zero Insurance Alliance. This news takes the total now exited from the NZIA to nine major insurance and reinsurance players. The QBE and Sompo Holdings exits come right after two other big firms, namely AXA ... Read the full article
Sompo becomes first Japanese insurance group to issue social bonds
4th April 2023
Chairman and Group CEO of Sompo Holdings Inc., Kengo Sakurada, has announced that the company plans to issue social bonds. In March, the company submitted a shelf registration statement and an amended shelf registration statement for a corporate bond to the Kanto Local Finance Bureau to prepare for the issuance. The ... Read the full article
SOMPO Holdings & Palantir sign $50m expansion deal
3rd February 2023
SOMPO Holdings and Palantir Technologies have signed a $50 million, five-year expansion agreement to enable the rollout of critical workflows within SOMPO Japan, alongside further developments of SOMPO's Real Data Platform (RDP). Since 2019, SOMPO has used Palantir Foundry as the backbone of its RDP solution. RDP is a collaborative ecosystem designed ... Read the full article
Sompo Intl. reports improved underwriting result despite Q1 net loss
5th August 2022
Sompo International's net result for the first-quarter of the 2022 fiscal year has fallen by $274 million, leading to a net loss of $239 million for the period. However, the firm's underwriting income improved by an impressive 89% to $159 million. During Q1 2022, Sompo's other income slipped by a huge ... Read the full article
Sompo Intl. names John Goodloe as EVP, Head of E&S Casualty, US
20th December 2021
Sompo International Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed John Goodloe as Executive Vice President, Head of E&S Casualty, for U.S. Insurance. Goodloe will report to Christopher Sparro, CEO, U.S. Insurance, Sompo International Holdings and will be based in Alpharetta, GA. He joins Sompo International ... Read the full article
Cover Genius raises AUD$100m in Series C funding led by Sompo Asia
29th September 2021
Cover Genius has raised AUD$100 million in a Series C funding round led by Sompo Holdings Asia (Sompo Asia) who invested AUD$68 million, with participation from G Squared and other existing investors. The latest funding round follows a good six months for the insurtech, during which it tripled its gross written ... Read the full article
Sompo Intl adjusted profit reaches $128mn in Q1 FY21
10th August 2021
Sompo International has reported an adjusted profit of $128 million in the first quarter of 2021’s financial year, up from the $49 million hit in the prior year period. Meanwhile, gross premium written increased to $2.7 billion from $2.5 billion in the prior year period. This increase was primarily due to rate ... Read the full article
Sompo advances digital strategy with launch of new subsidiary
11th June 2021
Japanese insurance and reinsurance giant Sompo has announced the establishment of Sompo Light Vortex, Inc., designed to expand sales of digital solutions to outside parties in the future. Sompo Light Vortex will be 100% owned by its parent, Sompo Holdings, which has set "creation of new customer value" as one of ... Read the full article
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