Reinsurance News

Sompo International

Sompo International drives UK growth with Birmingham office

20th January 2023

Insurance giant Sompo International has announced the opening of a new office in Birmingham, England, making it the firms first UK office outside of London. Located at The Colmore Building in the Colmore Business District, Birmingham’s main business area, the office will be led by Matt Cullen, VP Retail Property and ... Read the full article

Sompo Intl. announces two new appointments for AgriSompo

13th January 2023

Sompo International, a global provider of commercial and consumer P&C re/insurance, has announced two new leadership appointments for the firm’s multinational crop insurance platform, AgriSompo. Brad Leighton has been named President of AgriSompo North America and Marji Guyler-Alaniz has been named Chief Operating Officer (COO) of AgriSompo North America and President ... Read the full article

Sompo Intl names O’Neill President of Commercial Lines, Insurance, Asia Pacific

9th January 2023

Sompo International, a leading global provider of commercial and consumer P&C re/insurance, has appointed Paul O’Neill as President of Commercial Lines, Insurance, Asia Pacific. Within the role, he will report to Julian James, Sompo International’s CEO, Global Markets, Commercial P&C, and Daniel Neo, CEO, Asia Pacific, Sompo International. Sompo Intl stated that ... Read the full article

Sompo Intl. names Crozier Head of UK Retail Casualty

22nd December 2022

Sompo International, a global Bermuda-based specialty provider of property and casualty re/insurance, has appointed Christian Crozier as Senior Vice President, Head of UK Retail Casualty. Based in London, he will predominantly focus on the UK, and will have responsibility for leading the company’s retail casualty segment. Additionally, working alongside colleagues from other ... Read the full article

Sompo International completes sale of EAL business to RiverStone

20th December 2022

Insurance giant Sompo International has completed the sale of its run-off business Endurance at Lloyd’s (EAL) to RiverStone Holdings. The firm said in a statement that it had received regulatory approval from the UK Presidential Regulation Authority, following its previously communicated strategic objective to consolidate its UK presence into one company ... Read the full article

Sompo appoints Lawrence Doyle as global markets COO

12th December 2022

Sompo International, a global provider of commercial and consumer property and casualty re/insurance, has announced the appointment of Lawrence Doyle as Chief Operating Officer (COO), Global Markets. In his new role, he will be responsible for operational performance and executing on key transformational programs across multiple functions, products and geographies in ... Read the full article

Sompo Intl. appoints Ron Willett to new North American role

1st December 2022

Sompo International has appointed Ron Willett to be its executive vice president for field management in the North American region, commercial insurance. The firm said in a statement that Willett will report to Jonathan Monks, executive vice president, head of distribution, business development and client engagement for North America. Willett, the company ... Read the full article

Sompo International sets sights on overseas growth

29th November 2022

Sompo International has signalled its intentions to expand and grow within Canada, continental Europe, and southeast Asia. The moves were intimated during a presentation given last Friday in Japan to senior executives at Sompo Holdings. It said that this will be achieved through the opening of new branch locations, expanding relationships ... Read the full article

Sompo Intl. names new Head of Insurance Claims for North America

25th November 2022

Sompo International, a Bermuda-based specialty provider of P&C re/insurance, has announced the appointment of Glen Bronstein as Executive Vice President and Head of Insurance Claims for the North America Region – Bermuda, Canada, Mexico and the US. In his new role, Bronstein will be a member of the regional insurance executive ... Read the full article

Sompo Intl. underwriting profits up 57% on steady top-line growth

18th November 2022

Specialty property and casualty (P&C) re/insurance provider Sompo International has reported that its underwriting profits increased by 57% to $367 million for the first half of the 2022 fiscal year. As a result, its revised forecasts for the full-year are now up 43% to $610 million compared with 2021, including the ... Read the full article

Sompo International appoints Stefano Chiurlo to new role in Italy

23rd September 2022

Sompo International has appointed Stefano Chiurlo as head of accident and health for Europe. Chiurlo will be based in Milan and comes to the firm with more than 15 years of insurance experience, most recently as group head of health & accident for the Generali Group. Before joining Sompo International, he held ... Read the full article

Sompo International appoints Ralph Brand President, Continental Europe

1st September 2022

Sompo International, a specialty provider of property and casualty re/insurance, has named veteran Ralph Brand President of Continental Europe. In his new role, Brand will oversee Sompo International’s strategy in Continental Europe and enhance the offering to clients and distribution partners across the region. He has over 35 years of international insurance ... Read the full article

Sompo sells Endurance at Lloyd’s run-off business

30th August 2022

Sompo has sold its Endurance at Lloyd’s (EAL) run-off business to Riverstone International. The firm said in a statement that this deal effectively completed its previously communicated objective to consolidate its UK presence into one company market platform. Julian James, CEO, Global Markets, Commercial P&C at the firm, said: “Since executing on ... 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 International appoints Nicholas Walsh to board of directors

9th June 2022

Sompo International has appointed Nicholas Walsh to its board of directors. The firm said that Walsh 42 years with AIG before retiring in 2014 from his position of vice chairman of AIG Property and Casualty. He also served as executive vice president of AIG. James Shea, executive chairman of the board of ... Read the full article