Reinsurance News
Sompo
Sompo expands UK presence with marine insurance proposition
26th September 2024
Sompo, a global provider of commercial and consumer property and casualty re/insurance, has launched a new national marine insurance proposition for the United Kingdom. This new policy will allow the insurer, for the first time, to write Marine Cargo, and Transport & Logistics policies across the regions, in addition to London. Aimed ... Read the full article
Aditya V. Tibrewala named as CEO, Sompo Thailand
14th August 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has appointed Aditya V. Tibrewala as Chief Executive Officer of Sompo Insurance (Thailand) PCL (Sompo Thailand), effective immediately. He will continue to report to Kenneth Reilly, Chief Executive Officer, Insurance, Asia Pacific. Tibrewala joined Sompo Asia Pacific (APAC) as ... Read the full article
Sompo appoints Bill Zhang as President of Consumer Lines for APAC
12th July 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has announced the appointment of Bill Zhang as President, Consumer Lines, Asia Pacific (APAC). In his new role, Zhang will report directly to Kenneth Reilly, Chief Executive Officer of Insurance, APAC at Sompo. Zhang’s responsibilities include shaping the strategy ... Read the full article
Sompo appoints Christoph Müller as Country Manager for Insurance in Switzerland
3rd July 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has announced the appointment of Christoph Müller as Country Manager, Insurance for Switzerland. In his new role, Müller will report directly to Ralph Brand, President of Continental Europe Insurance at Sompo. Brand expressed enthusiasm for Müller’s appointment, stating, “Christoph ... Read the full article
Allan Murley joins Sompo as UK Head of Distribution, Insurance
25th June 2024
Sompo, a global provider of commercial and consumer property and casualty re/insurance, has appointed Allan Murley as Head of Distribution, Insurance for the United Kingdom (UK). Based in London, Murley will be responsible for overseeing the coordination, development and delivery of Sompo’s UK distribution activities across the London Market and regionally. He ... Read the full article
Sompo appoints Thomas Leone as new Chief Investment Officer
6th June 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has announced the appointment of Thomas Leone as Chief Investment Officer. In his new role, Leone will directly report to Nicolas Burnet, Sompo's Chief Financial Officer, and will be based in the insurer’s Purchase, NY office. Leone will succeed ... Read the full article
Sompo appoints Swiss Re’s Tewes as Head of Risk Control CE Commercial P&C Insurance
31st May 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has appointed Malwine Tewes to the newly established role of Head of Risk Control for its Continental Europe (CE) Commercial Property and Casualty (P&C) insurance business. In her new role, Tewes will report directly to Ralph Brand, President ... Read the full article
Sompo Intl. reports stronger P&C combined ratio in FY’23 results
20th May 2024
Bermuda-based specialty re/insurer Sompo International Holdings has reported that the financial year 2023 combined ratio for commercial property & casualty (P&C) improved to 91.8% from 92.5%, driven by improved accident year loss ratios and lower catastrophe losses. The stronger combined ratio is reflected in a rise in underwriting income from $667.3 ... Read the full article
Sompo names Hideo Nakano Head of Japanese Interest Accounts
11th April 2024
Sompo has appointed Hideo Nakano as Head of Japanese Interest Accounts (JIA), Asia Pacific (APAC), with effect from April 1, 2024. In this newly created role, Nakano-san is tasked with leading the JIA teams across the APAC region to drive strategy, profitable growth and portfolio optimisation. He will report directly to the ... Read the full article
Sompo names Kenneth Reilly CEO Insurance, Asia Pacific, Daniel Neo to retire
2nd April 2024
Sompo, a global provider of commercial and consumer property and casualty re/insurance, has announced the appointment of Kenneth Reilly as Chief Executive Officer (CEO), Insurance, for the Asia Pacific region, succeeding Daniel Neo who is to retire. In his new role, effective April 1, 2024 and subject to appropriate regulatory and ... Read the full article
Sompo Intl. joins ABIR with CRO Emmanuel Brulé added to Board
26th March 2024
Sompo International Holdings Ltd., a global property and casualty re/insurer, has joined The Association of Bermuda Insurers and Reinsurers (ABIR), increasing the number of members to 32 carriers and four intermediaries. The re/insurer’s entry was marked at a recent Q1 2024 board meeting held on the sidelines of the Bermuda Risk ... Read the full article
Sompo appoints Allen CUO of its Global Markets Commercial P&C business
19th March 2024
Sompo has appointed Richard “Rick” Allen as Chief Underwriting Officer for its Global Markets Commercial P&C insurance business. In the new role, Allen will reportedly work closely with the commercial P&C insurance chief underwriting officers across the UK, Continental Europe, Asia Pacific, Turkey and Brazil, simultaneously "ensuring congruence" with Sompo’s overall ... Read the full article
Japanese regulator penalises largest property insurers for price fixing: Bloomberg
27th December 2023
As per a report from Bloomberg, Japan’s Financial Services Agency has issued business improvement orders on the core units of Tokio Marine Insurance, MS&AD Insurance, and Sompo Japan Insurance for "colluding to fix prices" in contracts with corporate clients. Japan's Finance Minister, Shunichi Suzuki, stated in a recent briefing it is "regrettable" that ... Read the full article
Sompo Intl. announces two new appointments for AgriSompo
13th January 2023
Sompo International, a global provider of commercial and consumer P&C re/insurance, has announced two new leadership appointments for the firm’s multinational crop insurance platform, AgriSompo. Brad Leighton has been named President of AgriSompo North America and Marji Guyler-Alaniz has been named Chief Operating Officer (COO) of AgriSompo North America and President ... Read the full article
RGA and Sompo partner to improve elderly care
7th October 2022
Reinsurance Group of America (RGA), a leading global life and health reinsurer, and Sompo Holdings, a global property and casualty insurance company with a nursing care business in Japan, have announced a new partnership aimed at improving eldercare and promoting healthy aging. Together, Sompo and RGA will leverage their experience in ... Read the full article
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