Sompo
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He will succeed retiring Daniel Neo, who will remain at Sompo for the year.
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Allen succeeds Cliff Easton, who is retiring after a 50-year career.
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Sompo International booked an adjusted profit of $860mn for its fiscal Q3.
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The new licence expands the carrier's P&C capabilities in Europe.
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The Bermudian’s reserves will be on watch when its Japanese parent reports earnings.
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He will be replaced by current COO Mikio Okumura, who will assume the role of CEO effective 1 April 2024.
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Sutcliffe steps into the role vacated by Jon Bartlett, who retired at the end of 2023.
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Finance minister describes the activity as “widespread, repeated and continuous”.
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The underwriter has spent the past 12 years working as a senior marine underwriter at RSA.
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Barr’s resignation from his previous role as head of marine at CNA Hardy was first revealed by this publication in July of this year.
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Sompo has begun writing aviation war for the first time, while Apollo has picked its pen back up after a pause.
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The international unit also suffered losses in its agriculture and reinsurance segments.
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Chiew joins from Axa XL where she as a senior war, terrorism and political violence underwriter.
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Sutcliffe will succeed Jon Bartlett, who is set to retire.
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The carrier is looking to extend its insurance offering to mid-sized UK businesses.
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He will report to Mathieu Borneuf, head of professional lines in Continental Europe.
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Before joining Sompo, Bob Thaker spent more than a decade at Hiscox, where he was latterly CEO of Hiscox UK.
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Sompo said the appointments highlight the carrier’s commitment to the Italian insurance market.
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Sompo International said it saw growing demand for expertise and capacity in the region.
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The carrier has also promoted Annette Wolff to head of professional lines insurance for Germany and Austria.
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The combined ratio increased to 92.4%, driven by investment and inflation.
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The executive replaces Thomas Brazil, who is moving to a new role with the Sompo in Switzerland.
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Japan’s Financial Services Agency has ordered an investigation into the carriers’ practices.
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The appointment comes just over two years after Sompo International entered the political violence and terrorism market.
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The underwriter specialises in business including commodity traders, petrochemical risks and African business.
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Staff turnover remains elevated across marine classes amid a battle to secure talent.
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The former reinsurance CEO will join Sompo International’s board of directors.
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The executive joins from Axa XL and will report to Continental Europe president Ralph Brand.
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Sompo is the eighth major insurer to leave the NZIA, casting even further doubt on its future as remaining members explore options around whether to continue.
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The executive will report to CEO James Shea and is based in Florham Park, New Jersey, United States.
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Net profit at a group level took a hit, however, in part due to the impact from domestic natural disasters and major accidents.
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Based in Boston, the executive will report to Sompo International CEO James Shea.
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The carrier booked a heavy domestic and overseas cat load during the quarter.
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The executive has worked for Howden and Allianz Global Corporate & Specialty.
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The carrier is expanding its A&H appetite in London as part of its international insurance growth strategy.
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