Sompo
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Conditions for SPAC D&O are likely to remain turbulent, amid the heightened SEC scrutiny and uncertainty concerning claims resolution. -
The former CEO is tasked with improving collaboration between Sompo International and sister companies.
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The incoming executive will report to Christopher Donelan, CEO of global reinsurance.
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As part of the revamp, Michael Chang has been named global head of customer and distribution.
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The incoming senior vice president will be tasked with helping to build Sompo’s casualty portfolio in the London market.
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The carrier benefited from substantial top line growth and an absence of Covid-19 claims.
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Prior to joining Sompo International, Patrick Corbett was life and A&H CUO at Axa XL for three years.
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Several other executive officers are also moving roles, all of which will come into effect on 1 April 2022.
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The carrier boosted gross written premiums by 18% and benefited from rate improvement.
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Sompo International has appointed Mike Reid as executive vice president and head of casualty for international insurance.
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The underwriter has spent 20 years in aviation underwriting with Catlin and Beaufort.
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The well-known underwriter has held similar positions at Sompo International and Partner Re.
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