Reinsurance News
Sompo International
QBE and Sompo the latest re/insurers to quit NZIA
26th May 2023
QBE and Sompo Holidngs have both announced their resignations as a member organisation from the Net Zero Insurance Alliance. This news takes the total now exited from the NZIA to nine major insurance and reinsurance players. The QBE and Sompo Holdings exits come right after two other big firms, namely AXA ... Read the full article
Sompo International opens first Canadian office led by Rohan Dixon
23rd May 2023
Sompo International has announced the opening of its first Canadian branch in Toronto, with Rohan Dixon serving as President and Chief Executive Officer, Commercial P&C Insurance, Canada. Dixon holds over two and a half decades of industry experience and joins Sompo International from AON plc, where he most recently served as ... Read the full article
Sompo International names Risa Ryan as CUO to strengthen global underwriting capabilities
22nd May 2023
P&C re/insurer Sompo International appointed Risa Ryan as Chief Underwriting Officer (CUO) and member of the executive team, effective May 15. In this newly created position, Ryan will be responsible for establishing a collaborative global framework that incorporates best-in-class underwriting and pricing tools. This framework aims to ensure a consistent approach to ... Read the full article
Sompo International underwriting income up 25% in 2022 to $532m
19th May 2023
P&C re/insurer Sompo International has reported a 2022 underwriting income of $532 million, up 25% YoY due to margin improvement and top-line growth. For the fiscal year 2023, Sompo anticipates underwriting profit to increase to $789 million, led by loss ratio improvement in Agriculture and other insurance businesses. Meanwhile, gross premiums written ... Read the full article
Sompo International names Hyland President of North America Reinsurance
17th April 2023
P&C re/insurer Sompo International has promoted Margaret Hyland to President of North America Reinsurance, succeeding Steven Hanke, who is departing the firm after almost a decade of service. Hyland has over 30 years of experience in the North American (re)insurance industry, having held leadership positions with various companies including Allied World, ... Read the full article
Sompo International appoints Cañellas insurance Country Manager, Iberia
13th April 2023
P&C re/insurer Sompo International has appointed Jamie Cañellas as Country Manager of its insurance operations in Spain and Portugal. Cañellas most recently served as Head of Distribution for Europe, having first joined Sompo International in 2018. His storied career boasts long tenures at global firms such as AXIS Capital and WTW. Collectively, ... Read the full article
Sompo International expands Switzerland operations
4th April 2023
Sompo International, a global provider of commercial and consumer property and casualty re/insurance, is expanding its operations in Switzerland with the granting of a Swiss insurance branch licence to write primary insurance by the Swiss Financial Market Supervisory Authority (FINMA). According to Ralph Brand, President Continental Europe Insurance for Sompo International, ... Read the full article
Sompo International opens new Birmingham office
22nd March 2023
Sompo International, a global provider of commercial and consumer property and casualty re/insurance, has announced the opening of a new office in Birmingham, England. Located at The Colmore Building in the Colmore Business District, Sompo’s new office has become its first location in the UK outside of London. The insurance giant Read the full article
Sompo International names Nicolas Burnet new CFO
7th March 2023
Sompo International has appointed Nicolas Burnet as the new Chief Financial Officer (CFO), replacing company veteran Michael McGuire, who has decided to step down. Burnet joins Sompo International from Partner Re, where he most recently served as CFO. Before this, ... Read the full article
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
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