Reinsurance News

Sompo International

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

Sompo Intl. targets 88% CR in new 2023 forecasts

31st May 2022

Bermuda-based specialty P&C re/insurer Sompo International Holdings is targeting a combined ratio of 88%, as well as growth in profit and premiums, as part of its new forecasts for 2023. The company recently reported adjusted profit of 61.8 billion yen (USD 483.0 million) for the full-year 2021, up from 31.8 ... Read the full article

Sompo International doubles full-year profit

20th May 2022

Bermuda-based specialty P&C re/insurer Sompo International Holdings has reported adjusted profit of 61.8 billion yen (USD 483.0 million) for the full-year 2021, up from 31.8 billion yen (USD 248.5 million) last year. The company mainly attributed its growth to the performance of its commercial P&C business unit, which saw underwriting profit ... Read the full article

Sompo Intl. names Kenneth Reilly as EVP of new Tokyo office

11th April 2022

Sompo International has appointed Kenneth Reilly as Executive Vice President, General Manager, Global Business Department, Sompo Holdings and Executive Vice President, Head of the new Sompo International Tokyo office. He will report to both Mikio Okumura, Chief Operating Officer, Sompo Holdings and James Shea, Chairman and CEO, Sompo International. Reilly holds over ... Read the full article

Sompo Intl. reorganises insurance business for future growth

8th March 2022

Property and Casualty (P&C) re/insurer, Sompo International Holdings Ltd., has revealed some changes to its insurance operation "to best prepare the business for expansion and sustainable growth." The strategic reorganisation is designed to ensure a consistent market approach and improve the ease of doing business globally with Sompo. Effective April 4th, 2022, ... Read the full article

Sompo Intl. names Jon Hiller as SVP, Head of International Casualty

1st March 2022

Bermuda-based specialty P&C re/insurer Sompo International has appointed Jon Hiller as Senior Vice President, Head of International Casualty, London Market, where he will be based in London and report to Mike Reid, Executive Vice President, Head of Casualty, International Insurance. Hiller holds over 15 years of experience, gained in the Lloyd’s and ... Read the full article

Top-line growth boosts 3Q profits for Sompo Intl.

14th February 2022

Bermuda-based specialty P&C re/insurer Sompo International Holdings has recorded adjusted profit of 44.4 billion yen (USD 384 million) for the fiscal 3Q period. This represents an increase of 28.8 billion yen (USD 294 million) over its 3Q profit for the previous year. The company attributes the improvement in profits to an increase ... Read the full article

Sompo Intl. adds Patrick Corbett as Global Head of A&H

13th January 2022

Sompo International Holdings Ltd., the global Bermuda-based specialty provider of property and casualty insurance and reinsurance, has announced the appointment of Patrick Corbett as Executive Vice President, Global Head of Accident and Health (A&H), International Insurance. He will be based in London and report to Richard Housley, Chief Underwriting Officer, International ... 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

Sompo Intl’s UK legal entity awarded CII ‘Chartered Status’

3rd December 2021

Endurance Worldwide, the UK legal entity of Sompo International, has been awarded the title of 'Chartered Insurer' title by the Chartered Insurance Institute.  It is one of only 34 firms to have achieved this particular status. Julian James, Chief Executive Officer, International Insurance, noted his delight at having achieved such an ... Read the full article

Sompo International expands partnership with Praedicat

22nd November 2021

Sompo International Holdings Ltd., the global Bermuda-based specialty provider of property and casualty insurance and reinsurance, has expanded its partnership with Praedicat, the liability emerging risk analytics company. The expanded partnership will enable Sompo International to use Praedicat’s emerging risk framework, probabilistic liability catastrophe model and a new litigation tracking capability ... Read the full article

Sompo International profits recover to $313m in H1

19th November 2021

Bermuda-based specialty P&C re/insurer Sompo International Holdings has recorded adjusted profit of $313 million for its fiscal H1 period, bouncing back from a loss of $14 million for the same period last year. The company reported a marked improvement in profits over the six months ending September 30th, mainly due to ... Read the full article

Sompo Intl. hires Head of Casualty, International Insurance

16th November 2021

Sompo International Holdings Ltd., the global Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Mike Reid as Executive Vice President, Head of Casualty, International Insurance. Reid has over twenty years’ experience in the casualty market gained across broking and underwriting, including both the Company and Lloyd’s markets. He ... Read the full article

Sompo Intl. appoints Peter Buckley as Areospace VP

26th October 2021

Bermuda-based specialty re/insurer Sompo International is set to expand its general aviation offering with the appointment of Peter Buckley as Vice President, Aerospace. Buckley brings over 20 years’ experience in the aviation insurance industry to the role and most recently served at Cincinnati Global Underwriting. “As a long-standing market leader in aerospace ... Read the full article

Sompo Intl to acquire Italian agriculture insurer ARA

22nd September 2021

Bermuda-based property and casualty re/insurer Sompo International has reached an agreement to purchase ARA 1857 S.p.A.- Assicurazioni Rischi Agricoli VMG 1857 (ARA), one of the leading players in the Italian agriculture insurance market.  The deal, expected to close by the first quarter of 2022, will see ARA ... Read the full article