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 Intl appoints Donelan to lead reinsurance business as CEO
23rd March 2020
Bermuda-based P&C re/insurer Sompo International has appointed Christopher Donelan to serve as Chief Executive Officer of the company’s reinsurance business. Donelan, who currently serves as deputy CEO of SI Reinsurance, will report to Christopher Gallagher, CEO of SI’s Commercial P&C business. Stephen Young, the current CEO of Reinsurance at SI has resigned ... Read the full article
Sompo GRS launches replacement value protection insurance
9th March 2020
Bermuda-based P&C re/insurer Sompo International has announced that its Global Risk Solutions division has entered a strategic partnership with Fisher Harris Shapiro to offer specialised protection against covered property perils to US commercial real estate and financial institutions. Sompo GRS Replacement Value Protection helps protect lenders/owners in commercial real estate financings ... Read the full article
Sompo International forecasts 80% rise in FY19 profit
14th February 2020
Sompo International has revealed that it expects its full year 2019 adjusted profit to increase by just under 80% to USD 318 million, when compared with the previous year. Global re/insurance giant Sompo Holdings has released its financial results for the nine month period ended December 31st, 2019, which includes the ... Read the full article
Sompo GRS launches product built for life sciences industry
7th February 2020
Sompo Global Risk Solutions, a subsidiary of Bermuda-based specialty property and casualty re/insurer Sompo International, has introduced a state-of-the-art products-completed operations and errors and omission liability protection product built for the life sciences industry. Sompo Life Science Plus offers coverage for various life science products, including products used in human clinical ... Read the full article
Julian James to lead Sompo’s London & International Insurance units
23rd January 2020
Bermuda domiciled specialty P&C insurer and reinsurer, Sompo International Holdings Ltd., has announced that Julian James is set to join the firm to lead its London market and International Insurance operations. Following a transition period and subject to regulatory approvals, James will take over as Chief Executive Officer (CEO), London market ... Read the full article
Sompo International hires Head of Commercial Management Liability & Financial Institutions
9th January 2020
Sompo International, the Bermuda-based P&C re/insurer, has announced the appointment of Ray Santiago as Executive Vice President and leader of the company’s US Commercial Management Liability (CML) and Financial Institutions (FI) teams. In this role, Santiago will have management oversight for Sompo International’s US CML and FI teams. These teams will continue ... Read the full article
David Carter appointed CUO & EVP, Sompo GRS
8th January 2020
Bermudian insurer and reinsurer, Sompo International Holdings Ltd. has announced the appointment of David Carter as Chief Underwriting Officer (CUO) and Executive Vice President (EVP) of Sompo Global Risk Solutions (GRS). In his new role, Carter will report to Michael Chang, Chief Executive Officer (CEO) of Sompo GRS, and will become ... Read the full article
Sompo International establishes Brazilian insurance holding company
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
Sompo International names new CEO amid restructure
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
Sompo International profits hit by large losses in H1
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
Sompo Intl adds Allstate’s Harriet Harty to key human resources role
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
Sompo GRS expands capabilities in Mexico
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
Sompo International to offer email security services to cyber policyholders
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
Sompo Intl expands partnership with data analytics firm Pharm3r
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
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
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