Reinsurance News
12th February 2021
Sompo International’s profits decreased by $228 million over the 3Q FY2020 period, largely due to the negative impact of COVID-19 on the business’s results. The Sompo Holdings subsidiary recorded adjusted profit of just $46 million for the period, after sustaining an underwriting loss of $178 million from COVID-19 and natural disasters. Investments ... Read the full article
11th January 2021
Bermuda-based specialty property and casualty re/insurer Sompo International has added Stephen R. Raymond to its US Sompo Pro team. Raymond, who joins with over 30 years’ experience, will serve as Vice President, Architects and Engineers (A&E). His A&E professional liability underwriting and product development experience spans various client segments. Raymond joins from Ironshore, ... Read the full article
30th December 2020
Bermuda-based specialty property and casualty re/insurer Sompo International Holdings Ltd. (SIH) has completed its previously announced acquisition of Diversified Crop Insurance Services (DCIS), a subsidiary of CGB Enterprises, Inc. (CGB). DCIS and ARMtech, Sompo International’s existing US federally sponsored multi-peril crop insurer, will now operate under the brand name AgriSompo ... Read the full article
7th December 2020
Sompo International has appointed Robert Haney as Executive Chairman of AgriSompo and Chief Executive Officer (CEO) of AgriSompo North America. Haney will be reporting to Christopher Sparro, CEO, US Insurance for Sompo International. His appointment illustrates Sompo International’s investment in and commitment to the crop insurance market in the US and around ... Read the full article
24th November 2020
Bermuda-based, global specialty provider of property and casualty insurance and reinsurance, Sompo International Holdings, Ltd., has announced the hiring of Paul Shedden from AXA XL as Head of Portfolio Design, Pricing and Analytics for Global Insurance. In his new role, Shedden will be based in London and will report to Chris ... Read the full article
23rd November 2020
Sompo International Holdings, a Bermuda-based global specialty provider of property and casualty insurance and reinsurance and part of Sompo Holdings, Inc., has announced the promotion of Pierre Balthazard. Formerly Senior Vice President (SVP), Head of Asia Pacific Property Catastrophe Reinsurance at Sompo International, Balthazard has been named as the company's new ... Read the full article
29th October 2020
Bermuda-based specialty P&C re/insurer Sompo International has announced the appointment of Sara Gundersen as Executive Vice President, Asian Risk Solutions Segment Leader within its Sompo Global Risk Solutions (GRS) business unit. In this role, Gundersen will lead the strategy, underwriting, production, business and product development, expense control and profitability for the ... Read the full article
26th October 2020
Insurance broker Willis Towers Watson says Sompo Holdings Asia has adopted its pricing solutions for retail business in the region in an effort to transform its pricing operations across 14 markets. Due to the current economic environment where consumer behaviour and financial markets are changing daily, it has become essential for ... Read the full article
23rd October 2020
Bermuda-based specialty property and casualty re/insurance firm Sompo International has announced that Mike Connelly will join the Sompo International Reinsurance team as Chief Financial Officer (CFO), Global Reinsurance. Connelly previously served as CFO, Specialty Commercial at The Hartford, a role he held since 2017. Prior to this he spent six years as ... Read the full article
8th October 2020
Bermuda-based specialty property and casualty re/insurer Sompo International has launched a new Directors and Officers (D&O) liability insurance policy for publicly traded companies. Sompo’s public D&O solution is the latest addition to its existing Management Assurance Platform (MAP). Introduced in 2019, MAP is designed to provide private companies with the ability to ... Read the full article
4th September 2020
Bermuda-based specialty property and casualty re/insurance Sompo International is set to acquire Diversified Crop Insurance Services, a subsidiary of CGB Enterprises. Diversified will join the re/insurer's AgriSompo platform and will create one of the largest crop insurance providers in North America. The acquisition provides Sompo with additional capabilities in North America in ... Read the full article
3rd September 2020
Bermuda-based specialty property and casualty re/insurer Sompo International Holdings has announced that its global agriculture platform AgriSompo has entered into a strategic broking relationship with InVivo Group. InVivo Group is a national union of 201 member cooperatives representing more than half of all farmers in France. Working through InVivo's Bioline Insurance subsidiary, this ... Read the full article
2nd September 2020
Sompo International Holdings Ltd., the Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Brendan Plessis as Executive Vice President, Distribution, International Insurance. In this newly created role, Plessis will lead the strategic development of broker and client relationships. In particular, he will focus on maximizing profitable growth and ... Read the full article
18th August 2020
Bermuda-based specialty P&C reinsurer Sompo International has partnered with Marsh & McLennan Agency and its Global Risk Solutions unit on the launch of a new customisable insurance solution designed for commercial real estate owners. The MMA Select Commercial Insurance Program has been created to deliver industry-specific underwriting, claims, and risk control expertise ... Read the full article
12th August 2020
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Lauren Folkard as Vice President and Head of Cyber for the London Market. Folkard most recently served as a cyber class underwriter at Barbican, before which she was part of the cyber management team ... Read the full article
