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Reinsurance News

Sompo International

Sompo GRS offers U.S umbrella product to HUB risk purchasing group

16th April 2018

Sompo Global Risk Solutions (GRS) is to offer umbrella insurance on U.S accounts in the commercial real estate and hospitality industries to a new casualty insurance risk purchasing group developed by HUB International Limited (HUB). Sompo GRS, which is a subsidiary of Bermuda-based specialty property and casualty (P&C) re/insurer Sompo International, ... Read the full article

Sompo International launches retail platform to facilitate global integration

10th April 2018

Sompo International Holdings Ltd. (SI) has announced plans to establish a new retail platform that will facilitate its integration of all international operations outside of Japan that belong to Sompo Holdings. The integration expands the Sompo universe now under the direction of industry veteran John Charman. Sompo International has already completed the ... Read the full article

Sompo International hires Cove from Qatar Re to lead aviation reinsurance

9th April 2018

Sompo International, the Bermuda headquartered specialty lines and reinsurance unit of Sompo Holdings, has hired Patrick Cove from rival Qatar Re to become the firms new Global Head of Aviation Reinsurance business. Cove joins the Sompo International Global Specialty Reinsurance Team and takes on responsibility for reinsurance business in the airline ... Read the full article

Sompo appoints VP’s for U.S Insurance Business Development

9th April 2018

Sompo International has appointed Jonathan Monks and Ben Tasse as Senior Vice Presidents, Business Development, for the company’s U.S Insurance platform. Monks and Tasse will now work to develop the platform’s interactions with key U.S distribution markets and build broker/agent relationships, and will report to Chris Sparro, Chief Executive Officer (CEO) ... Read the full article

Sompo International completes A&A agricultural insurer acquisition

28th March 2018

Bermuda-based speciality re/insurer Sompo International has completed the acquisition of Italian agriculture insurer A&A. The acquisition supports the strategic objective of AgriSompo, Sompo International’s global agriculture platform, to deliver coordinated risk management solutions tailored to local needs across the agri-business market. Sompo plans to expand AgriSompo by leveraging the firm's extensive agriculture ... Read the full article

Sompo International appoints new Loss Control leaders

9th March 2018

Sompo International has announced that Victor Sordillo, current Senior Vice President, Loss Control has been appointed Loss Control leader for all of Sompo International Insurance, and that Christine Sullivan will become Senior Vice President, Loss Control Leader, Sompo Global Risk Solutions (GRS). Sordillo joined the company as Loss Control Leader for ... Read the full article

Sompo to launch new European specialty insurance unit

5th March 2018

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. Executive Vice President (EVP), Thomas Mannsdorfer is set to head up the new entity which will partner with brokers across Continental Europe together with ... Read the full article

Sompo International expands agriculture platform with A&A acquisition

8th February 2018

Bermuda domiciled property and casualty insurer and reinsurer, Sompo International, has announced plans to acquire Italian agricultural insurer A&A, S.r.l. (A&A). The acquisition of A&A is aligned with Sompo International's recently announced AgriSompo initiative, an international platform designed to provide innovative and coordinated agricultural risk management products tailored to local market needs. The ... Read the full article

Sompo International completes integration of Sompo America

2nd February 2018

Bermuda based Sompo International Holdings (SIH) has completed the transfer of the Sompo America companies and the integration of business operations and staff into the Sompo International Insurance platform. Commercial property, casualty and specialty products for Japanese Interest Accounts (JIA) will be managed by the Sompo Global Risk Solutions platform, under ... Read the full article

Sompo International makes senior London market specialty lines appointments

26th January 2018

Bermuda-based specialty insurance and reinsurance carrier Sompo International has announced a number of senior appointments within its London market specialty underwriting business. Paul Ashworth has joined Sompo International from his most recent role at AXIS Capital and will lead London Market Insurance marine business, as Head of Marine Insurance. In the role ... Read the full article

Sompo International to acquire Lexon Surety Group

4th January 2018

Bermuda domiciled property and casualty reinsurer, Sompo International, has revealed that its U.S. platform has reached an agreement to acquire the operating subsidiaries of Lexon Surety Group LLC. The staff of Lexon and its office locations will be retained under the acquisition, and David Campbell will remain as President of Lexon, and ... Read the full article

Sompo International sets up EU HQ in Luxembourg as Brexit response

21st November 2017

Bermuda based specialty insurance and reinsurance firm Sompo International, which was formerly named Endurance, is preparing for a post-Brexit world with the establishment of a new European headquarters in Luxembourg. Sompo International is setting up a new entity registered in Luxembourg, SI Insurance (Europe), which will underwrite both insurance and reinsurance ... Read the full article

Sompo International hires two casualty reinsurance underwriters

13th November 2017

Sompo International, the Bermuda headquartered specialty insurance and reinsurance firm formerly named Endurance, has announced the addition of two newly hired senior casualty reinsurance underwriters. Alison Wood and Lorene Phillips have both joined the Sompo International Global Casualty Reinsurance team in the role of Senior Vice President, International Casualty Underwriter. The ... Read the full article

AgriSompo launched as Sompo International targets global agricultural re/insurance

1st November 2017

Bermuda based specialty insurance and reinsurance firm Sompo International Holdings Ltd. (formerly Endurance) has launched AgriSompo, an initiative to create an integrated agriculture insurance and reinsurance offering across the globe. AgriSompo will take a common underwriting approach along with shared expertise and technology to deliver a range of re/insurance products to ... Read the full article

Sompo International Strengthens Position in Africa through Insurance Alliances

24th October 2017

Property & casualty reinsurer Sompo International has strengthened its position in Africa through a Sompo Japan Nipponkoa Insurance (SJNK) executed partnership agreed with Africa's largest financial service provider and insurance groups Sanlam Limited and SAHAM Finances. This partnership gives Sompo access to new markets, connecting the re/insurer with both the largest ... Read the full article

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