Sompo
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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. -
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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Christian Crozier joins from Berkshire Hathaway, where he spent five years as a senior casualty underwriter
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Speaking at Insurance Insider’s London Market Conference, the executive said insurers spent too little time focusing on the challenges faced by customers.
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The unit booked a combined ratio of 90% as top-line expansion helped to improve underwriting performance.
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Ed Martin-Prud’homme’s departure comes just a few months after Rupert Cousins and Richard Housley both left the carrier.
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The recruit has had stints at Generali, Axa XL, AIG and Chubb.
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The storm is not expected to be a threat to the order of Jebi or Hagibis.
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The move follows the news that Lisa Skinner is leaving the A&H team at Sompo International to join Everest Re.
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