Sompo
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The well-known underwriter has held similar positions at Sompo International and Partner Re.
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The deal is expected to be concluded within the first quarter of 2022.
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Neville Weston, who will be based in Bermuda, will also become a member of Sompo’s reinsurance leadership team.
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The underwriter joined Everest at the beginning of last year following Barbican’s acquisition by Arch.
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Gross written premiums at the carrier grew by 40%, driven by rate improvement and the growth in crop insurance via the carrier’s acquisition of Diversified.
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The InsurTech is looking to expand into new product lines and geographies.
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The executive will replace current leader Forbes Geekie.
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The underwriter will be based in Barcelona and focus on professional indemnity business.
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The Bermuda-based carrier’s new Singapore-based team will target accounts in the financial institutions, hospitality, life sciences, professional services, real estate and technology industries.
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The new Sompo Light Vortex will work with data analytics company Palantir.
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The parent releases targets for the Bermuda business following the news of John Charman’s retirement as executive chairman.
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After successfully founding Tarquin and Axis, Charman led Endurance to a bumper valuation when bought by Sompo.
