Sompo
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The (re)insurer’s expansion will provide warranties and indemnities coverage for M&A.
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The carrier will funnel business through an existing Irish entity.
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Overseas profits at Sompo Holdings more than double despite hurricane losses.
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The Dublin hub will allow the company to continue its EU business post-Brexit.
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Sompo International furthers its European expansion with a new subsidiary.
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The agency also upgrades parent Sompo’s enterprise risk management rating.
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The appointment is the third major hire since management closed a Centerbridge-backed $952mn buyout from Sompo.
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Sompo International has received regulatory approval to establish a subsidiary in Luxembourg to smooth its post-Brexit business.
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