Sompo
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The carrier benefited from top-line growth and lower adverse PYD. -
Fierce competition for cargo talent continues in the London market.
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Several insurers and MGAs have launched into the class of business over the past year.
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Reinsurers’ hopes that LA wildfires will slow 1.4 softening are in question.
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The international segment’s CoR deteriorated slightly due to increased expenses.
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James Shea will lead the new Sompo P&C arm, while Yasuhiro Oba will become Wellbeing CEO.
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The deterioration was driven by increased operating expenses.
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This follows Ascot hiring Charlotte Brotherton-Farrell.
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The hull market is currently experiencing high levels of competition.
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The company will write marine cargo and transport logistics policies across the country.
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The carrier unveiled major spending on overseas growth initiatives.
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Regulators are mulling reforms that could open the door to international independent brokers.
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