Reinsurance News

Sompo International

Sompo International appoints Stefano Chiurlo to new role in Italy

23rd September 2022

Sompo International has appointed Stefano Chiurlo as head of accident and health for Europe. Chiurlo will be based in Milan and comes to the firm with more than 15 years of insurance experience, most recently as group head of health & accident for the Generali Group. Before joining Sompo International, he held ... Read the full article

Sompo International appoints Ralph Brand President, Continental Europe

1st September 2022

Sompo International, a specialty provider of property and casualty re/insurance, has named veteran Ralph Brand President of Continental Europe. In his new role, Brand will oversee Sompo International’s strategy in Continental Europe and enhance the offering to clients and distribution partners across the region. He has over 35 years of international insurance ... Read the full article

Sompo sells Endurance at Lloyd’s run-off business

30th August 2022

Sompo has sold its Endurance at Lloyd’s (EAL) run-off business to Riverstone International. The firm said in a statement that this deal effectively completed its previously communicated objective to consolidate its UK presence into one company market platform. Julian James, CEO, Global Markets, Commercial P&C at the firm, said: “Since executing on ... Read the full article

Sompo Intl. reports improved underwriting result despite Q1 net loss

5th August 2022

Sompo International's net result for the first-quarter of the 2022 fiscal year has fallen by $274 million, leading to a net loss of $239 million for the period. However, the firm's underwriting income improved by an impressive 89% to $159 million. During Q1 2022, Sompo's other income slipped by a huge ... Read the full article

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