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 profits recover to $313m in H1
19th November 2021
Bermuda-based specialty P&C re/insurer Sompo International Holdings has recorded adjusted profit of $313 million for its fiscal H1 period, bouncing back from a loss of $14 million for the same period last year. The company reported a marked improvement in profits over the six months ending September 30th, mainly due to ... Read the full article
Sompo Intl. hires Head of Casualty, International Insurance
16th November 2021
Sompo International Holdings Ltd., the global Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Mike Reid as Executive Vice President, Head of Casualty, International Insurance. Reid has over twenty years’ experience in the casualty market gained across broking and underwriting, including both the Company and Lloyd’s markets. He ... Read the full article
Sompo Intl. appoints Peter Buckley as Areospace VP
26th October 2021
Bermuda-based specialty re/insurer Sompo International is set to expand its general aviation offering with the appointment of Peter Buckley as Vice President, Aerospace. Buckley brings over 20 years’ experience in the aviation insurance industry to the role and most recently served at Cincinnati Global Underwriting. “As a long-standing market leader in aerospace ... Read the full article
Sompo Intl to acquire Italian agriculture insurer ARA
22nd September 2021
Bermuda-based property and casualty re/insurer Sompo International has reached an agreement to purchase ARA 1857 S.p.A.- Assicurazioni Rischi Agricoli VMG 1857 (ARA), one of the leading players in the Italian agriculture insurance market. The deal, expected to close by the first quarter of 2022, will see ARA ... Read the full article
Lawrence to succeed Del Col as Sompo Intl. General Counsel
21st September 2021
Bermuda-based specialty property and casualty re/insurer Sompo International has announced the appointment of Windy Lawrence as its new General Counsel. Based in Sompo International’s New York City office, Lawrence will report to Chris Gallagher, Chief Executive Officer, Sompo International Commercial P&C and will serve on the Executive Leadership Team She succeeds John ... Read the full article
Sompo Intl. names new Head of Global Distribution & Product Development for reinsurance business
3rd September 2021
Sompo International has appointed Neville Weston as Head of Global Distribution and Product Development of its reinsurance platform. He will report to Christopher Donelan, CEO of Global Reinsurance, with the responsibility for assessing, devising and implementing key client and broker distribution growth initiatives, focusing on enhancing the reinsurance business’ underwriting deal ... Read the full article
Sompo Global Risks to offer pandemic risk protection
12th August 2021
Sompo International Holdings has announced that Sompo Global Risk Solutions (GRS) will offer protection for epidemic and pandemic risk. The new Sompo GRS Epidemic and Pandemic Protection Program provides insurance based on a number of available pre-set coverage options including loss of income, extra expense, debt servicing, supply chain disruption and ... Read the full article
Sompo Intl adjusted profit reaches $128mn in Q1 FY21
10th August 2021
Sompo International has reported an adjusted profit of $128 million in the first quarter of 2021’s financial year, up from the $49 million hit in the prior year period. Meanwhile, gross premium written increased to $2.7 billion from $2.5 billion in the prior year period. This increase was primarily due to rate ... Read the full article
Sompo Intl. promotes Spurling to lead Professional Lines unit in Bermuda
26th July 2021
Sompo International Holdings has appointed Sarah Spurling to lead its Professional Lines Business Unit in Bermuda. Spurling will have responsibility for the three segments within Professional Lines, including Commercial, Bermuda Sompo Pro and Financial Institutions. She has spent her underwriting career at Sompo International, which she joined in 2005. She currently leads the ... Read the full article
Sompo Intl names Marco Serra VP of Professional Lines
19th July 2021
Bermuda-based specialty re/insurer Sompo International has announced the appointment of Marco Serra as Vice President, Professional Lines. Serra has over two decades of European insurance experience in Italy, the UK and Spain for businesses such as AIG, ANV and Navigators. He joins from ArgoGlobal Assicurazioni in Rome, where he was Chief Underwriting ... Read the full article
Sompo Intl. expands P&C unit with launch of Sompo GRS Asia-Pacific
9th July 2021
Bermuda domiciled insurer and reinsurer, Sompo International Holdings Ltd., has announced the establishment of Sompo Global Risk Solutions (GRS) Asia-Pacific within its Commercial Property & Casualty (P&C) segment. The expansion sees the formation of a new team in Singapore to serve select industries in the Asian markets via appointed brokerages. The launch ... Read the full article
Protecdiv closes first reinsurance deal with Sompo, BMS
29th June 2021
Specialty property and casualty re/insurance broker Protecdiv has announced the completion of its first transaction for Sompo International with strategic partner BMS Group. The transaction was conducted as part of the co-brokering partnership Protecdiv has with BMS Group and is the first transaction executed alongside BMS Re. Protecdiv first announced its ... Read the full article
Sompo Intl. hires Zurich’s Shea to succeed retiring Charman
25th May 2021
Sompo International Holdings has appointed James Shea as Executive Chairman of the Board of Directors and he will also become Chief Executive Officer (CEO) of Overseas Insurance and Reinsurance Business for Sompo, succeeding John Charman who has been with the company for eight years. Shea’s appointments will take place in September, ... Read the full article
Sompo International names SVP, Agency Management for agri unit
21st May 2021
Bermuda-based specialty P&C re/insurer Sompo International Holdings has announced the appointment of Billy Moore as Senior Vice President of Agency Management for AgriSompo North America, Sompo International’s North American crop insurance platform. In this role, Moore will be responsible for the overall management of agency relationships and the marketing of the ... Read the full article
Sompo International reports $9.17bn decrease in profits
20th May 2021
Sompo International has reported a JPY 20 billion ($9,176 billion) decrease in profits for its business over the full-year 2020 period, which the company attributes to the impact of the COVID-19 pandemic. For the 2021 fiscal year, Sompo is forecasting an underwriting profit of $459 million, compared to its profit of ... Read the full article
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