Sompo
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Prior to joining Sompo International, Patrick Corbett was life and A&H CUO at Axa XL for three years.
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Several other executive officers are also moving roles, all of which will come into effect on 1 April 2022.
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The carrier boosted gross written premiums by 18% and benefited from rate improvement.
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Sompo International has appointed Mike Reid as executive vice president and head of casualty for international insurance.
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The underwriter has spent 20 years in aviation underwriting with Catlin and Beaufort.
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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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