Sompo
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The underwriter has spent 20 years in aviation underwriting with Catlin and Beaufort. -
Neville Weston, who will be based in Bermuda, will also become a member of Sompo’s reinsurance leadership team.
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The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.
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The drivers that led to the consolidation in the reinsurance industry might not replicate for a while.
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The read-across from the extreme weather to losses is not simple and insurers may do better than would be assumed.
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Mikio Okumura will step aside from the CEO post at the Bermudian carrier to take a vice chairman role as of September.
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Rich DePiero says the US market would benefit from a syndicated approach to writing the largest corporate cyber risks.
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Tom Ruck has joined the carrier as a vice president within its financial institutions division.
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Flock said the capacity could be used to cover anything from drone cargo deliveries to flying taxi passenger flight.
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W. Brown has served as an MGU to Sompo since 2016 and will now become a wholly owned subsidiary.
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Mike Connelly was previously The Hartford’s specialty commercial CFO.
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The change expert worked at TIAA and Bank of America.
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