Sompo
-
Regulators are mulling reforms that could open the door to international independent brokers.
-
This publication reported that parties including Sompo and Generali were circling the carrier.
-
Sources said that Japanese big-three carrier Sompo and Italian insurance giant Generali are circling.
-
The carrier’s marine and energy liability team is led by recent appointee Stephen Barr.
-
The executive held senior roles at Allied World, Lockton, and the Corporation of Lloyd’s.
-
The hire comes as the UK-based InsurTech continues its expansion plans in the US.
-
The carrier banked a $575mn prior-year reserve charge in fiscal Q4.
-
He will succeed retiring Daniel Neo, who will remain at Sompo for the year.
-
Allen succeeds Cliff Easton, who is retiring after a 50-year career.
-
-
Sompo International booked an adjusted profit of $860mn for its fiscal Q3.
-
The new licence expands the carrier's P&C capabilities in Europe.
Most Recent
-
Inflexion confirms DR&P’s sale to BMS Group
26 July 2024 -
Price Forbes snares Lockton partner O’Keeffe
26 July 2024 -
S&P Global Ratings upgrades Munich Re to AA
26 July 2024 -
Daily Digest: Top news from 26 July
26 July 2024