Sompo
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The executive held senior roles at Allied World, Lockton and the Corporation of Lloyd’s.
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The hire comes as the UK-based InsurTech continues its expansion plans in the US.
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The carrier is also seeing growth opportunities across the West.
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The Bermudian’s reserves will be on watch when its Japanese parent reports earnings.
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David Bigley will also continue as head of property and catastrophe reinsurance.
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The new platform includes over 400 workers’ compensation classes, including contractors, healthcare, hospitality, manufacturing and transportation.
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Lamba joins as head of reinsurance, Canada, while Sheehan joins as senior vice president, head of North America accident and health reinsurance.
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The executive will be responsible for the growth of the hospitality insurance portfolio and for providing service to current and prospective clients in this segment.
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Sompo International has promoted Margaret Hyland to president of its North American reinsurance division. She replaces Steven Hanke, who is leaving for a “leading brokerage firm”, according to a statement.
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Based in Boston, the executive will report to Sompo International CEO James Shea.
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Dixon will report to North America CEO Christopher Sparro.
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In her role as NA COO, Guyler-Alaniz will report to Leighton, but in her international responsibilities she will report to AgriSompo chairman and CEO Bob Haney.
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Based in Boston, Willett will report to Jonathan Monks, Sompo’s EVP head of distribution, business development and client engagement for North America.
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The storm is not expected to be a threat to the order of Jebi or Hagibis.
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Based in North Carolina, the executive brings around two decades of P&C experience to the retail brokerage.
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The platform will be launched with the support of listed energy company NextEra, with paper provided by its captive Palms Insurance.
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The long-serving AIG executive has been on the boards of McGill and Partners and JLT since retiring.
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Conditions for SPAC D&O are likely to remain turbulent, amid the heightened SEC scrutiny and uncertainty concerning claims resolution.
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As part of the revamp, Michael Chang has been named global head of customer and distribution.
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Corbett had been with Axa XL since 2016, most recently serving as CUO for life and A&H.
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The executive will be based in Alpharetta, Georgia and report directly to Christopher Sparro, Sompo’s CEO of US Insurance.
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The parties filed a dismissal stipulation with prejudice, meaning that neither Sompo nor Endurance will be able to sue Westfield in any other US court over the same allegations.
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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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Judge Schofield said Sompo’s complaint is thin but not without merits.
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The underwriter has spent 20 years in aviation underwriting with Catlin and Beaufort.
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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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The deal will propel Sompo International’s annual crop premiums to over $2bn when combined with the (re)insurer’s existing AgriSomp business.
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The deal covers subject premium of around $2bn and will run for 18 months.
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The MGA, which writes on paper from Accident Fund Insurance Company of America, uses AI in its underwriting process.
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Michael Donovan was previously a director at RLI’s marine division.
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The funding comes ahead of an expected IPO for the Silicon Valley company.
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The executive replaces Stephen Young, who has resigned to pursue other interests.
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Group profits slip back due to cat loss reserve strengthening.
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Ray Santiago joins the insurer from Axa XL’s New York office.
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The Japanese carrier is aiming for “steady organic growth” within international specialty but will consider acquisitions.
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Mikio Okumura takes the CEO job, while Frudd will retain responsibility for overseas M&A and be a special adviser to the group CEO.
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Companies including Lloyd’s underwriters, Sompo Holdings, Berkshire Hathaway filed a lawsuit accusing primary insurers demanding “unreasonable allocation”.
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The Bermudian specialty (re)insurer and the broking giant will work together to create an “integrated insurance platform”.
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Reserve strengthening for prior-year catastrophes lifts the overall loss ratio, while specialty line earnings improve.
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Sompo GRS mid-market leader Matt Burns will oversee the small business team.
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Michael Chang, Graham Evans and Chris Sparro will co-lead the commercial P&C business as Kuhn leaves.
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The group’s international division benefited from a decline in losses from natural catastrophes but was $681mn worse off from a tax perspective.
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Tom Houston will work with upstream specialist Steve Hawkins at the new carrier.
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The life sciences team will target small and mid-market organisations.
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