Reinsurance News
Sompo International
Sompo is a global provider of property, casualty, and specialty insurance and reinsurance solutions. SompoRe is the reinsurance underwriting arm and provides global reinsurance solutions to its clients.
Read all our Sompo insurance or reinsurance news and analysis below.
Sompo Intl. sees 9M’25 revenue surge as reinsurance CoR falls to 66.2%
13th February 2026
Bermuda-based Sompo International, the international operating arm of the Tokyo-based Sompo Holdings, has disclosed total insurance revenue for the first nine months of the 2025 fiscal year of $12.05 billion, up $835 million from the same period of 2024. By segment, insurance revenue was led by Commercial Insurance at $8.524 billion, ... Read the full article
Sompo International posts higher H1’25 profit with strong reinsurance performance
19th November 2025
Sompo International Holdings Ltd., a specialty provider of property, casualty, and specialty insurance and reinsurance, reported an insurance service profit of $1.038 billion in its first half financial year results, an increase of 75% on the prior year, with the firm highlighting significant growth across all three business segments. For H1'25, ... Read the full article
Sompo International’s FY’24 GWP expand as CoR improves to 96.3%
20th May 2025
Sompo International has reported an adjusted profit of $1.38 billion for the 2024 financial year (FY2024), an increase of $230 million year-over-year, driven by robust top-line growth, reduced adverse prior-year development, and higher net investment income. Meanwhile, the firm reported gross written premiums (GWP) of $16.53 billion for FY2024, up from ... Read the full article
Sompo International’s GPW reach $12.47bn in 3Q FY’24
14th February 2025
Sompo International’s commercial P&C business has reported that gross premiums written reached $12.47 billion in the first nine months of the 2024 fiscal year (3Q FY2024), up $542 million from the same period of 2023, driven by growth in Global Markets and Reinsurance. Of the total gross premiums written figure for ... Read the full article
Sompo expands UK presence with marine insurance proposition
26th September 2024
Sompo, a global provider of commercial and consumer property and casualty re/insurance, has launched a new national marine insurance proposition for the United Kingdom. This new policy will allow the insurer, for the first time, to write Marine Cargo, and Transport & Logistics policies across the regions, in addition to London. Aimed ... 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 Intl. P&C reports dip in underwriting income for Q1 as CoR hits 94.1%
9th August 2024
Sompo International's commercial P&C business has reported an underwriting income of $127.4 million for Q1 of the 2024 financial year, down from $155.3 million in the same period of 2023, while its combined ratio increased 1.7 points to 94.1%. Broken down, Sompo International's commercial P&C North America segment contributed $19.3 million ... Read the full article
Sompo launches technology insurance product for UK middle market clients
4th June 2024
Sompo International has announced the launch of a new insurance product for technology business, aimed at middle market clients in the United Kingdom. Created with modular wording and flexible approach, the package includes coverages comprising Property, Casualty, Professional Indemnity (PI) and Cyber. All covers are optional and customised to each client’s unique ... Read the full article
Sompo Intl. reports stronger P&C combined ratio in FY’23 results
20th May 2024
Bermuda-based specialty re/insurer Sompo International Holdings has reported that the financial year 2023 combined ratio for commercial property & casualty (P&C) improved to 91.8% from 92.5%, driven by improved accident year loss ratios and lower catastrophe losses. The stronger combined ratio is reflected in a rise in underwriting income from $667.3 ... Read the full article
Sompo Intl. adjusted profit above forecast despite $575m reserve strengthening
14th February 2024
Sompo International has disclosed that its USD-basis adjusted profit exceeded forecasts by $39m in 2023, reaching a preliminary $1.15bn, despite substantial reserves strengthening in Q4. According to the Bermuda headquartered re/insurer, it strengthened 2019 and prior accident year reserves in Q4 2023, and the balance for future years, resulting in a ... Read the full article
Sompo Intl. granted licence to write primary insurance in France
14th February 2024
Sompo International, a global provider of commercial and consumer property and casualty (P&C) re/insurance, has announced that it has been granted a licence to write primary insurance in France by the French Prudential Supervision and Resolution Authority (ACPR). This move further extends the company’s commercial P&C insurance capabilities and product offerings ... Read the full article
David Bigley appointed EVP, Head of Ceded Reinsurance, Sompo Intl.
31st January 2024
Sompo International, the property & casualty (P&C) insurer and reinsurer, has named David Bigley Executive Vice President, Head of Ceded Reinsurance, where he will be responsible for the firm's outbound reinsurance placements. With over two decades of reinsurance underwriting experience, Bigley brings an extensive background of knowledge towards his new role. Sompo ... Read the full article
Sompo Intl. bolsters European presence by naming Talegón Head of Marine, Iberia
27th December 2023
Sompo International, a global provider of commercial and consumer property and casualty re/insurance, has appointed Elena Talegón as Head of Marine Insurance for Iberia. According to the announcement, she will be based in Madrid, where she will report to Jamie Cañellas, Country Manager, Insurance for Iberia. She joins Sompo International from global ... Read the full article
Sompo Intl. hires Barr as Head of Marine & Energy Liability Insurance, London Market
11th December 2023
Sompo International Holdings Ltd., a Bermuda-based holding company, has appointed Stephen Barr as Head of Marine & Energy Liability Insurance, London Market. In his new role, Barr will be based in London, where he will report to Paul Ashworth, Head of Aviation, Energy and Marine, London Market. He ... Read the full article
Sompo Intl. sees underwriting income of $340.6m in H1
17th November 2023
Sompo International has reported an underwriting income of $340.6 million in H1 of its 2023 financial year, down $104.6 million from the same period last year due to "increased losses due to natural disasters." The firm's commercial P&C combined ratio also adversely rose by 3.1pt YoY to 92.1%, which was again ... Read the full article
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