Sompo
-
The deterioration was driven by increased operating expenses.
-
This follows Ascot hiring Charlotte Brotherton-Farrell.
-
The hull market is currently experiencing high levels of competition.
-
The company will write marine cargo and transport logistics policies across the country.
-
The carrier unveiled major spending on overseas growth initiatives.
-
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.
Most Recent
-
Marine insurers ‘extremely cautious’ in Red Sea post ceasefire: Iumi
07 February 2025 -
Ark Q4 CoR deteriorates 7 points to 77% on Milton and Helene losses
07 February 2025 -
Howden’s head of M&A Rowlands exits role
07 February 2025 -
Avalon, BOC Aviation reach settlement over planes stranded in Russia
07 February 2025 -
Daily Digest: Top news from 7 February
07 February 2025 -
The Week in 90 Seconds: Facilisation, broker results, Howden
07 February 2025