Reinsurance News
Sompo International
Sompo is a global provider of property, casualty, and specialty insurance and reinsurance solutions. SompoRe is the reinsurance underwriting arm and provides global reinsurance solutions to its clients.
Read all our Sompo insurance or reinsurance news and analysis below.
Sompo GRS & WTW launch platform for middle market commercial real estate
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
Strong investment return offsets higher losses for Sompo International in 1Q19
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
Chang, Evans & Sparro to co-lead Sompo’s Commercial P&C Insurance unit
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
Sompo International to utilise casualty analytics platform from AIR Worldwide
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
Sompo Singapore adds Pui Phusangmook as CEO
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
Sompo International eyeing significant mid-term growth
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
Sompo International adds Pützer as Head of Financial Lines Insurance in Germany
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
Sompo GRS forms new life sciences team, names head
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
Thomas Brazil named CEO of Sompo International’s SI Insurance (Europe)
18th April 2019
Thomas Brazil, currently Senior Vice President (SVP), and Head of Europe Property Catastrophe Reinsurance at Sompo International, has been named Chief Executive Officer (CEO) of SI Insurance (Europe), SA. SI Insurance (Europe) is the insurer and reinsurer's platform for European Economic Area (EEA) insurance operations. In his new role, Brazil will ... Read the full article
Sompo International promotes Gallagher to new P&C CEO role
2nd April 2019
Sompo International (SI), the Bermuda-based specialty provider of property and casualty re/insurance, has announced the promotion of Christopher Gallagher to Chief Executive Officer of SI Commercial P&C, a newly-created role. Gallagher is currently the Chief Risk Officer and Group Actuary of SI’s Commercial P&C business and a Director of SI. He will ... Read the full article
Steven Grippo added to Sompo International unit as Senior VP
15th March 2019
Bermuda-based property and casualty re/insurer Sompo International Holdings (SIH) has added Steven Grippo to Sompo Pro as Senior Vice President. Grippo, who brings nearly 30 years’ experience to the role, will be tasked with leading the unit’s U.S Architects & Engineers practice. He joins from AIG’s Lexington Insurance Company, where he served ... Read the full article
Sompo International’s Italian agriculture unit transitions to insurance agency
14th February 2019
Sompo International Holdings, the Bermuda-based specialty provider of property and casualty insurance and reinsurance, has announced that its wholly owned subsidiary, A&A S.r.l, is now able to operate as a multi-mandate insurance agency. A&A, which was acquired by Sompo in March 2018, has operated as a broker in the Italian agriculture ... Read the full article
Sompo International adds Christopher Gallagher as Exec Director
6th February 2019
Bermuda-based property and casualty re/insurer Sompo International Holdings (SIH) has appointed Christopher Gallagher to the Board of Directors as an Executive Director. Gallagher currently serves as Chief Risk Officer and Group Actuary of Sompo’s Commercial Property and Casualty business. Prior to joining Sompo in 2015 Gallagher worked as an Actuary for AXIS ... Read the full article
Sompo and Germany’s SV launch parametric agriculture solution
31st January 2019
Bermuda-based property and casualty insurer and reinsurer, Sompo International Holdings Ltd., has announced the introduction of a new innovative agriculture insurance product for the German market, in partnership with German insurer SV SparkassenVersicherung (SV). The new solution, called SV ErnteIndex, has been tailored to the agricultural sector and offers parametric protection against crop ... Read the full article
Brokers key to future weather risk market growth: Malinow, Sompo Global Weather
30th January 2019
The weather risk market continues to expand and remains competitive for a sector with few experienced dealers, but for future growth potential to be realised, brokers have a key role to play, according to Martin Malinow, President of Sompo Global Weather, a division of Sompo International Holdings Ltd. Reinsurance News recently ... Read the full article
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