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Reinsurance News
29th November 2019
Sompo Holdings, Inc. has announced the establishment of Sompo International Holdings Brasil Ltda, a Brazilian Insurance Holding subsidiary designed to achieve further growth in the group's overseas insurance business. The group's new Brazilian insurance subsidiary was established on October 1st, 2019 and will be based in Sao Paulo, Brazil. Sompo has announced ... Read the full article
19th November 2019
Sompo Holdings is to transfer all overseas group companies under Sompo International Holdings by 2020 and will appoint Mikio Okumura to oversee the strategy’s execution as Chief Executive Officer. This move is designed to establish a more integrated global platform and expand overseas business. Once this integration is completed, Sompo Holdings says ... Read the full article
19th November 2019
Bermuda-based property and casualty re/insurer, Sompo International, increased its profits only marginally during the first half of the 2019 fiscal year, due to the impact of large losses on the business. The company, which represents part of the overseas operations of Japanese re/insurer Sompo Holdings, posted a profit of US $190 ... Read the full article
11th November 2019
Bermuda-based property and casualty re/insurer Sompo International has announced the appointment of Harriet Harty as executive vice president and chief human resources officer for the firm’s commercial P&C operations. Harty will have oversight of all human capital strategies globally for Sompo International P&C and will report to Brian Goshen, Chief Administrative ... Read the full article
23rd October 2019
Specialty P&C re/insurer Sompo International Holdings has expanded its capabilities in Mexico with the addition of a new Global Risk Solutions team. The team will look to offer Mexico-based clients in the real estate, hospitality, financial institutions, professional services and life sciences industries a full suite of products including package, property, ... Read the full article
15th October 2019
Bermuda-based property and casualty re/insurer Sompo International has announced that it plans to offer complimentary cyber risk management services for email security protection to all eligible policyholders in the US. To realise this goal, Sompo International has partnered with SecurIT360, a full-service security consulting firm, and The Crypsis Group, a leading ... Read the full article
30th September 2019
Bermuda-based property and casualty re/insurer, Sompo International has expanded its partnership with life science and healthcare data analytics firm Pharm3r in a move aimed at enhancing its US life sciences risk modelling capabilities. Pharm3r’s data services are already leveraged by Sompo’s Bermuda excess casualty unit. Now, Its data sets and analytics will ... Read the full article
13th September 2019
Sompo Global Risk Solutions (GRS), a division of Bermuda domiciled P&C re/insurer Sompo International Holdings Ltd., has entered into a strategic partnership with Willis Towers Watson to develop an integrated insurance platform which targets the middle market commercial real estate sector. The Willis Towers Watson Retail, Office and Industrial (ROI) platform ... Read the full article
9th August 2019
Bermuda-based property and casualty re/insurer, Sompo International, saw its underwriting income increase by $4 million to $38 million in 1Q FY2019, driven by a huge spike in investment income. Overall, Sompo International has reported net income of $207 million for the period, which is roughly $154 million, or almost 300% up ... Read the full article
11th July 2019
Specialty P&C insurer and reinsurer, Sompo International Holdings Ltd. has announced that together, Michael Chang, Graham Evans, and Christopher Sparro will co-lead the firm's Commercial Property and Casualty Insurance (SI Commercial P&C) business. The latest announcement is a continuation of the transformation of Sompo International's Commercial P&C Insurance business, which represents ... Read the full article
19th June 2019
Bermuda-based property and casualty re/insurer Sompo International has begun using Arium, the casualty analytics platform from AIR Worldwide, to better understand and quantify its liability and loss potential across multiple commercial liability lines. As part of the collaboration, AIR is also offering portfolio data coding services to Sompo International that include ... Read the full article
14th June 2019
The Singapore business of Sompo Holdings has announced the appointment of Pui Phusangmook as its Chief Executive Officer, effective June 1. Phusangmook, who has been working in Singapore since 2001, brings over 25 years’ experience in the financial services sector. He was previously the Executive Vice President, General Manager, General Insurance and ... Read the full article
29th May 2019
Bermuda-based property and casualty re/insurer Sompo International (SI) has set out a series of financial and structural targets that will see the company's weight within Sompo Holdings increase significantly over the medium term. The SI brand was created following the integration of Bermudian re/insurer Endurance Re, which was acquired for ... Read the full article
20th May 2019
Bermuda-based property and casualty re/insurer Sompo International Holdings (SIH) has announced the appointment of Udo Pützer to the company’s European insurance platform as Head of Financial Lines Insurance, Germany. He will be based in the company’s Düsseldorf office and will introduce a range of management liability, professional indemnity, and financial institutions ... Read the full article
15th May 2019
Sompo Global Risk Solutions (GRS), a subsidiary of Bermuda-based specialty property and casualty (P&C) re/insurer Sompo International, has formed a new team offering insurance solutions to clients in the life sciences industry. The team will be led by newly appointed Senior Vice President (SVP) Todd Lauer, and is comprised of dedicated ... Read the full article
