Sompo International

Sompo International names Gundersen to lead Asian Risk Solutions in the US

Sompo International has appointed Sara Gundersen as executive vice president, Asian Risk Solutions segment leader within its Sompo Global Risk Solutions (GRS) business unit.

Sompo International hires The Hartford’s Connelly as global reinsurance CFO

Sompo International has brought in Mike Connelly from The Hartford to serve as chief financial officer for its global reinsurance operation.

Sompo International adds Allstate’s Bohaty as general insurance COO

Sompo International’s global insurance division has appointed Brian Bohaty as chief operating officer.

Covid and social inflation “accelerating” need to tighten T&Cs

Covid-19 and social inflation concerns have “accelerated” the need for reinsurers to tighten terms and conditions in liability and casualty lines, according to Christopher Donelan, CEO, Global Reinsurance, Sompo International.

Sompo International hires Plessis from Axa XL

Brendan Plessis has left Axa XL to join Sompo International.

Sompo strikes partnership to expand in French crop market

Sompo International has expanded the reach of its global agriculture platform AgriSompo through a strategic partnership with France’s InVivo Group.

Sompo International taps Barbican for new cyber head

Sompo International has named Lauren Folkard as vice president and head of cyber for the London Market, effective immediately.

Sompo International posts Q1 CR of 95.4%; Group takes $47mn Covid hit

The adjusted profit for Sompo International slipped nearly a third in the most recent quarter, standing at $49mn compared to $82mn in the same period last year.

Sompo International hands Pillion new role and hires Axa XL’s Shah

Sompo International has appointed Josh Pillion head of global distribution management and brought in Hiral Shah from Axa XL to serve as the environmental leader for its Sompo Global Risk Solutions (GRS) unit.

Sompo’s James: Covid-19 has changed group’s “tactical decisions”

The outbreak and ongoing repercussions of Covid-19 has prompted key decision makers at Sompo International to change some of its “tactical decisions and opportunities,” CEO of international insurance at Sompo International Julian James told The Insurer during the latest The Best Policy podcast episode.

Sompo Int’l gives 15% Covid-19 US commercial auto discount

Sompo International has announced it will offer small business clients where legally permissible a discount on US commercial auto premiums to reflect the impact of Covid-19.

Sompo International hires renewable energy duo from Pioneer

Sompo International has made two appointments to its energy business unit in London, with the hires of Warren Diogo and Sam Bishop from Pioneer Underwriting.

Sompo International adds to US marine team with RLI’s Donovan

Sompo International has brought in Michael Donovan to its US insurance team as the company bolsters its capabilities in the ocean marine market, The Insurer has learned.

Sompo GRS forms new European team

Sompo Global Risk Solutions has expanded its capabilities through retail brokers into UK and European markets with the formation of a new team, Sompo GRS Europe.

Aviation insurers face losses from Marsh’s Boeing financing consortium

Allianz, Axis, Fidelis and Sompo International face the prospect of mounting losses stemming from Marsh’s Aircraft Finance Insurance Consortium (AFIC) as a result of grounding of fleets during the Covid-19 pandemic and subsequent pressure on the profitability of airlines, The Insurer can reveal.

Sompo International FY19 u/w profit increase six-fold; Group Covid-19 loss estimate $408mn

Sompo International has reported a full year 2019 underwriting income of $143mn, up from $24mn in the prior year period, with the carrier’s parent Sompo Holding facing overall Covid-19 losses as high as $408.4mn.

Sompo International inks partnership with Portuguese agriculture MGA

Sompo International’s agricultural insurance arm, AgriSompo, has partnered with managing general agent Atlas Segurmina to sell crop insurance products in Portugal.

Sompo International to exit Lloyd’s in 2021 to streamline for growth

Sompo International has announced it is exiting Lloyd’s next year with the company set to cease underwriting via its Endurance at Lloyd’s managing agency and £400mn capacity Syndicate 5151 from January 2021.

Sompo International commits to commercial crime despite exit rumours

Despite suggestions in the London market that Sompo International has exited crime business, the carrier has confirmed to The Insurer that it remains committed to the class.

Sompo GRS builds life sciences with Chubb’s Carroll

Sompo International has appointed Michael Carroll as senior vice president and deputy head of life sciences within the Bermudian’s Global Risk Solutions (GRS) unit.

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