Sompo
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He will report to Mathieu Borneuf, head of professional lines in Continental Europe. -
Before joining Sompo, Bob Thaker spent more than a decade at Hiscox, where he was latterly CEO of Hiscox UK.
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Sompo said the appointments highlight the carrier’s commitment to the Italian insurance market.
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Sompo International said it saw growing demand for expertise and capacity in the region.
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The carrier has also promoted Annette Wolff to head of professional lines insurance for Germany and Austria.
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The combined ratio increased to 92.4%, driven by investment and inflation.
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The executive replaces Thomas Brazil, who is moving to a new role with the Sompo in Switzerland.
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Japan’s Financial Services Agency has ordered an investigation into the carriers’ practices.
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The appointment comes just over two years after Sompo International entered the political violence and terrorism market.
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The underwriter specialises in business including commodity traders, petrochemical risks and African business.
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Staff turnover remains elevated across marine classes amid a battle to secure talent.
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The former reinsurance CEO will join Sompo International’s board of directors.
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