Reinsurance News

Sompo International

Sompo International completes acquisition of Lexon Surety Group

4th June 2018

Bermudian property and casualty (P/C) re/insurer Sompo International Holdings (SI) has acquired Lexon Surety Group (Lexon), the second largest independent surety insurer in the United States. Lexon is comprised of Lexon Insurance Company, Bond Safeguard Insurance Company and Fortress National Group. The acquisition is expected to positively impact the subsidiaries’ financial ... Read the full article

Sompo International integrates SJNKE in preparation for Brexit

8th May 2018

Sompo International Holdings has reached a milestone in its Brexit preparation plans with the integration of Sompo Japan Nipponkoa Insurance Company of Europe Limited (SJNKE), which is now a wholly-owned subsidiary of Sompo International. In March 2018, Sompo International received regulatory approval to establish its new subsidiary, SI Insurance (Europe), ... Read the full article

S&P upgrades Sompo International’s core operating subsidiaries to A+

1st May 2018

S&P Global Ratings has upgraded its long-term issuer credit and financial strength ratings for Sompo International Holdings’ (SIH) core operating companies, from A to A+. SIH and its operating subsidiaries are also considered to have a stable outlook, and S&P raised its long-term issuer credit and senior debt ratings on SIH ... Read the full article

Sompo International’s John Kuhn takes on additional CUO, P&C responsibilities

25th April 2018

Bermuda domiciled property and casualty (P&C) insurer and reinsurer, Sompo International Holdings Ltd., has announced that its Chief Executive Officer (CEO) of Global Insurance, John (Jack) Kuhn, will also assume the new role of Chief Underwriting Officer (CUO) for Sompo International’s P&C business. In his new role, Kuhn will undertake leadership responsibilities across the re/insurer's ... Read the full article

Sompo International gains approval for post-Brexit European P&C subsidiary

23rd April 2018

Bermudian property and casualty (P&C) re/insurer Sompo International Holdings (SI) has received the necessary regulatory approvals for the establishment of its new subsidiary, SI Insurance (Europe) (SIIE) in Luxembourg, in preparation for the UK’s departure from the European Union (EU) in 2019. Sompo International Insurance Europe (SIIE) will become operational later ... Read the full article

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

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