Sompo
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The life sciences team will target small and mid-market organisations.
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Thomas Brazil will relocate to Luxembourg and be responsible for the company’s EEA business.
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The division writes $6bn in gross written premium annually.
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High-single-digit to low-double-digit advance driven by big increases on wind and flat quake renewals.
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A sharply declining loss ratio leads to a 25.7-point improvement in the unit's combined ratio.
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SV ErnteIndex protects against crop losses in instances of drought, frost or wet weather.
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The architect of the Japanese carrier's purchase of Endurance will work alongside Charman, who remains executive chairman at the Bermuda entity.
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The insurance group said it wants overseas insurance to account for 40 percent of adjusted profits. -
Sompo International also returned to an underwriting profit while expanding both insurance and reinsurance premium.
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Why would a patient Japanese owner spend 18 years building a diversified reinsurer from scratch then discard it for a bargain price?
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The agreement for the casualty facultative reinsurance business comes after up-for-sale Maiden struck deals with Enstar and TransRe.
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The Bermudian carrier has hired David Adams, previously of Maiden Re, to lead the new unit.
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