Sompo International

Sompo scouring the market for acquisitions: Frudd

Japanese-owned Sompo International is actively seeking to engage in acquisitions this year, the carrier’s CEO Nigel Frudd has said.

Sompo International swings to 9M underwriting profit

Sompo International - which was built out through its Japanese parent’s mammoth 2016 acquisition of Endurance – reported a combined ratio of 93.2 percent for the nine months to the end of December 2018, a 25.7 percentage point improvement on the same period in 2017.

Sompo launches parametric crop cover with German carrier

Sompo International has teamed up with German insurer SV SparkassenVersicherung to launch a parametric cover against crop losses such as drought, heavy frost or long spells of wet weather.

Frudd named CEO of Sompo International as Charman becomes executive chairman

Sompo International is to shake-up its top brass with a number of changes to its operating structure designed to make the firm more nimble.

Sompo acquires Maiden’s US fac business

Maiden has sold its facultative reinsurance team to Sompo International.

Sompo International taps Swiss Re to expand US cyber team

Sompo International has appointed Richard DePiero a senior vice president and US cyber product leader for Sompo Pro, the carrier’s professional liability insurance unit.

Sompo International profits slip on combined ratio creep

Profits at Japanese giant Sompo’s eponymous international unit, which was built out of the 2016 acquisition of Endurance, dipped 4.5 percent in the most recent quarter after a modest spike in the segment’s combined ratio.

Sompo’s international profits more than double on tax gain

Profits in Sompo’s overseas business, which includes Sompo International - formerly Endurance - more than doubled last year as the group benefited from a tax gain driven by an internal restructure.