Sompo
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Reserve strengthening for prior-year catastrophes lifts the overall loss ratio, while specialty line earnings improve. -
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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