Sompo
-
He will succeed retiring Daniel Neo, who will remain at Sompo for the year.
-
Allen succeeds Cliff Easton, who is retiring after a 50-year career.
-
-
Sompo International booked an adjusted profit of $860mn for its fiscal Q3.
-
The new licence expands the carrier's P&C capabilities in Europe.
-
The Bermudian’s reserves will be on watch when its Japanese parent reports earnings.
-
He will be replaced by current COO Mikio Okumura, who will assume the role of CEO effective 1 April 2024.
-
Sutcliffe steps into the role vacated by Jon Bartlett, who retired at the end of 2023.
-
Finance minister describes the activity as “widespread, repeated and continuous”.
-
The underwriter has spent the past 12 years working as a senior marine underwriter at RSA.
-
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.
-
Sompo has begun writing aviation war for the first time, while Apollo has picked its pen back up after a pause.
-
The international unit also suffered losses in its agriculture and reinsurance segments.
-
Chiew joins from Axa XL where she as a senior war, terrorism and political violence underwriter.
-
Sutcliffe will succeed Jon Bartlett, who is set to retire.
-
The carrier is looking to extend its insurance offering to mid-sized UK businesses.
-
He will report to Mathieu Borneuf, head of professional lines in Continental Europe.
-
Before joining Sompo, Bob Thaker spent more than a decade at Hiscox, where he was latterly CEO of Hiscox UK.
-
Sompo said the appointments highlight the carrier’s commitment to the Italian insurance market.
-
Sompo International said it saw growing demand for expertise and capacity in the region.
-
The carrier has also promoted Annette Wolff to head of professional lines insurance for Germany and Austria.
-
The combined ratio increased to 92.4%, driven by investment and inflation.
-
The executive replaces Thomas Brazil, who is moving to a new role with the Sompo in Switzerland.
-
Japan’s Financial Services Agency has ordered an investigation into the carriers’ practices.
-
The appointment comes just over two years after Sompo International entered the political violence and terrorism market.
-
The underwriter specialises in business including commodity traders, petrochemical risks and African business.
-
Staff turnover remains elevated across marine classes amid a battle to secure talent.
-
The former reinsurance CEO will join Sompo International’s board of directors.
-
The executive joins from Axa XL and will report to Continental Europe president Ralph Brand.
-
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.
-
The executive will report to CEO James Shea and is based in Florham Park, New Jersey, United States.
-
Net profit at a group level took a hit, however, in part due to the impact from domestic natural disasters and major accidents.
-
Based in Boston, the executive will report to Sompo International CEO James Shea.
-
The carrier booked a heavy domestic and overseas cat load during the quarter.
-
The executive has worked for Howden and Allianz Global Corporate & Specialty.
-
The carrier is expanding its A&H appetite in London as part of its international insurance growth strategy.
-
Christian Crozier joins from Berkshire Hathaway, where he spent five years as a senior casualty underwriter
-
Speaking at Insurance Insider’s London Market Conference, the executive said insurers spent too little time focusing on the challenges faced by customers.
-
The unit booked a combined ratio of 90% as top-line expansion helped to improve underwriting performance.
-
Ed Martin-Prud’homme’s departure comes just a few months after Rupert Cousins and Richard Housley both left the carrier.
-
The recruit has had stints at Generali, Axa XL, AIG and Chubb.
-
The storm is not expected to be a threat to the order of Jebi or Hagibis.
-
The move follows the news that Lisa Skinner is leaving the A&H team at Sompo International to join Everest Re.
-
The experienced executive has held leadership positions across Europe at AIG, Zurich and Allianz.
-
Rupert Cousins’ departure comes nearly two months after Richard Housley, CEO of Endurance at Lloyd’s, resigned from the carrier.
-
The transaction will mark Sompo International’s full withdrawal from the Lloyd’s market.
-
The carrier booked a combined ratio of 91.0%, a 3.2-point improvement on the prior-year period.
-
Personnel movement in marine has remained buoyant all year, as new market entrants build their headcount.
Most Recent
-
IGI launches Lloyd’s company box
08 May 2024 -
Aon adds LIU’s Allen to capital advisory team
08 May 2024