Sompo
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It is understood the marine reinsurance programme renewed largely flat. -
The Luxembourg platform is set to begin underwriting in April.
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Silies joined Sompo in 2022 as head of marine and energy.
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Plus, the latest people moves and all the top news of the week.
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The improved combined ratio was driven by lower losses and expenses.
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The toll of risk losses sustained by the PVT market this year is mounting.
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Alessa Quane will report to Sompo P&C CEO James Shea.
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What’s next for the reinsurance market as Monte Carlo approaches?
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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The Japanese carrier faces integration challenges to make a success of the deal.
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
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Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
