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 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
Sompo International to acquire Lexon Surety Group
4th January 2018
Bermuda domiciled property and casualty reinsurer, Sompo International, has revealed that its U.S. platform has reached an agreement to acquire the operating subsidiaries of Lexon Surety Group LLC. The staff of Lexon and its office locations will be retained under the acquisition, and David Campbell will remain as President of Lexon, and ... Read the full article
Sompo International sets up EU HQ in Luxembourg as Brexit response
21st November 2017
Bermuda based specialty insurance and reinsurance firm Sompo International, which was formerly named Endurance, is preparing for a post-Brexit world with the establishment of a new European headquarters in Luxembourg. Sompo International is setting up a new entity registered in Luxembourg, SI Insurance (Europe), which will underwrite both insurance and reinsurance ... Read the full article
Sompo International hires two casualty reinsurance underwriters
13th November 2017
Sompo International, the Bermuda headquartered specialty insurance and reinsurance firm formerly named Endurance, has announced the addition of two newly hired senior casualty reinsurance underwriters. Alison Wood and Lorene Phillips have both joined the Sompo International Global Casualty Reinsurance team in the role of Senior Vice President, International Casualty Underwriter. The ... Read the full article
AgriSompo launched as Sompo International targets global agricultural re/insurance
1st November 2017
Bermuda based specialty insurance and reinsurance firm Sompo International Holdings Ltd. (formerly Endurance) has launched AgriSompo, an initiative to create an integrated agriculture insurance and reinsurance offering across the globe. AgriSompo will take a common underwriting approach along with shared expertise and technology to deliver a range of re/insurance products to ... Read the full article
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