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Sompo International

Sompo GRS launches new European team

1st July 2020

Sompo Global Risk Solutions (GRS), a specialty property and casualty re/insurer and part of Sompo International, has formed a new London-based team designed to serve the European market through retail brokers. Sompo GRS Europe builds on Sompo International’s existing London Market and SIIE European platform business. The move is also intended to ... Read the full article

Sompo International expands partnership with Clearwater

11th June 2020

Specialty P&C re/insurer Sompo International has expanded its partnership with Clearwater to include consolidated book of record accounting for additional international entities in more than six countries. Clearwater provides automated investment data aggregation, reconciliation, and validation to Sompo International. Clearwater’s multi-currency and multi-asset class investment accounting provides customized general ledger entries for ... Read the full article

Sompo Int. names lead of new US Insurance Environmental unit

5th June 2020

Bermuda-based property and casualty insurer and reinsurer, Sompo International Holdings Ltd., has launched a new U.S. Insurance Environmental unit with expanded capabilities. The new division offers new products and services that Sompo says will augment its existing capabilities available through its Sompo Global Risk Solutions arm, for the U.S. Insurance Environmental ... Read the full article

Sompo Intl GRS launches unit focused on tech industry

2nd June 2020

Bermuda-based specialty P&C re/insurer Sompo International Global Risk Solutions has formed a new team that will offer products to clients in the technology industry. The new unit, part of Sompo GRS, will work through a network of retail brokers to offer primary casualty products (general liability, commercial auto, worker’s compensation), as ... Read the full article

Sompo International profits surge on specialty growth

21st May 2020

Bermuda-based property and casualty re/insurer, Sompo International, saw its profits surge 81% to $320 million for the full-year 2019, mainly due to top line growth centred on specialty insurance. The figure was up by $142 million on the adjusted profit of $177 million posted by the company in 2018. Notably, Sompo International ... Read the full article

Sompo International announces agricultural insurance partnership

23rd April 2020

Specialty property and casualty re/insurer Sompo International Holdings’ global agricultural platform has entered into a partnership to offer crop insurance solutions to the agricultural sector in Portugal. The partnership between AgriSompo and Portuguese Managing General Agent ATLAS Segurmina will result in the offering of a variety of traditional crop insurance products ... Read the full article

Sompo to consolidate London presence, cease writing business from Lloyd’s

15th April 2020

Bermuda-based P&C insurer and reinsurer, Sompo International Holdings Ltd., has announced that as part of its ongoing transformation, it plans to consolidate its London presence into a single company platform. Effective January 2021, Sompo International will cease writing business from Endurance at Lloyd's or Syndicate 5151, with all renewals and new ... Read the full article

Sompo adds Michael Carroll as SVP for GRS unit

30th March 2020

Bermuda specialty P&C re/insurer Sompo International has appointed Michael Carroll as Senior Vice President and Deputy Head of Life Sciences for its Global Risk Solutions unit. Carroll will be responsible for driving the development of the company’s Life Sciences platform and brings over 30 years of technical underwriting experience at Chubb ... Read the full article

Sompo Intl appoints Donelan to lead reinsurance business as CEO

23rd March 2020

Bermuda-based P&C re/insurer Sompo International has appointed Christopher Donelan to serve as Chief Executive Officer of the company’s reinsurance business. Donelan, who currently serves as deputy CEO of SI Reinsurance, will report to Christopher Gallagher, CEO of SI’s Commercial P&C business. Stephen Young, the current CEO of Reinsurance at SI has resigned ... Read the full article

Sompo GRS launches replacement value protection insurance

9th March 2020

Bermuda-based P&C re/insurer Sompo International has announced that its Global Risk Solutions division has entered a strategic partnership with Fisher Harris Shapiro to offer specialised protection against covered property perils to US commercial real estate and financial institutions. Sompo GRS Replacement Value Protection helps protect lenders/owners in commercial real estate financings ... Read the full article

Sompo International forecasts 80% rise in FY19 profit

14th February 2020

Sompo International has revealed that it expects its full year 2019 adjusted profit to increase by just under 80% to USD 318 million, when compared with the previous year. Global re/insurance giant Sompo Holdings has released its financial results for the nine month period ended December 31st, 2019, which includes the ... Read the full article

Sompo GRS launches product built for life sciences industry

7th February 2020

Sompo Global Risk Solutions, a subsidiary of Bermuda-based specialty property and casualty re/insurer Sompo International, has introduced a state-of-the-art products-completed operations and errors and omission liability protection product built for the life sciences industry. Sompo Life Science Plus offers coverage for various life science products, including products used in human clinical ... Read the full article

Julian James to lead Sompo’s London & International Insurance units

23rd January 2020

Bermuda domiciled specialty P&C insurer and reinsurer, Sompo International Holdings Ltd., has announced that Julian James is set to join the firm to lead its London market and International Insurance operations. Following a transition period and subject to regulatory approvals, James will take over as Chief Executive Officer (CEO), London market ... Read the full article

Sompo International hires Head of Commercial Management Liability & Financial Institutions

9th January 2020

Sompo International, the Bermuda-based P&C re/insurer, has announced the appointment of Ray Santiago as Executive Vice President and leader of the company’s US Commercial Management Liability (CML) and Financial Institutions (FI) teams. In this role, Santiago will have management oversight for Sompo International’s US CML and FI teams. These teams will continue ... Read the full article

David Carter appointed CUO & EVP, Sompo GRS

8th January 2020

Bermudian insurer and reinsurer, Sompo International Holdings Ltd. has announced the appointment of David Carter as Chief Underwriting Officer (CUO) and Executive Vice President (EVP) of Sompo Global Risk Solutions (GRS). In his new role, Carter will report to Michael Chang, Chief Executive Officer (CEO) of Sompo GRS, and will become ... Read the full article

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