Latest Sompo International Headlines
All the headlines from our Sompo International Topic Page, ordered by recency.
Sompo Completes Integration of Nipponkoa Insurance of Europe as Subsidiary
May 8 2018 // Bermuda-based specialty insurer and reinsurer Sompo International Holdings Ltd. said that the integration of Sompo Japan Nipponkoa Insurance Company of Europe Limited (SJNKE) into Sompo International reached a significant...
Sompo International Receives Luxembourg OK for Post-Brexit P/C Subsidiary
Apr 23 2018 // Bermuda-based property/casualty insurer and reinsurer Sompo International Holdings Ltd. said it has received the regulatory approvals from the Ministry of Finance of Luxembourg to establish a new subsidiary, SI Insurance...
Sompo Int’l to Form Retail Insurance Platform to Integrate International Businesses
Apr 10 2018 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced it will establish a retail platform designed to integrate all the operations of Sompo Holdings Inc....
Centerbridge-Led Consortium Completes $952M Acquisition of Canopius from Sompo
Mar 9 2018 // The $952 million acquisition of Canopius from Sompo Holdings has been completed by a private equity consortium led by Centerbridge Partners, L.P., which includes private investment firm Gallatin Point Capital LLC. Having...
Sompo International to Launch Specialty Operation in Spain; Executive Team Named
Mar 6 2018 // Sompo International announced it will launch a specialty insurance underwriting operation in Barcelona, Spain. Sompo currently has a London-based operation but must open EU-based headquarters in order to conduct business...
Sompo International to Buy Italian Agriculture Insurer A&A
Feb 9 2018 // Sompo International said it has agreed to buy an Italian agriculture insurer in a bid to broaden the reach of a new, recently launched global technology platform focused on the sector. The Bermuda-based specialty...
Sompo International Appoints Marine, Aviation & Energy Leaders in London
Jan 30 2018 // Bermuda-based Sompo International announced that Paul Ashworth has joined the company’s London Market Insurance platform as head of Marine Insurance, managing a diverse portfolio, including hull & liability and...
Sompo’s Nardiello Joins CNA Commercial’s Large/Complex Property Underwriting Team
Dec 21 2017 // CNA announced the appointment of Michael Nardiello as senior vice president of underwriting for Large/Complex Property. In this role, Nardiello will be based in New York City and report to Kevin Leidwinger, president and...
Factbox: Growing List of Insurers Decide on Post-Brexit EU Headquarters
Nov 21 2017 // Sompo International Holdings, a Bermuda-based unit of Japanese insurer Sompo, said it will set up a subsidiary in Luxembourg, in case Britain does not have access to the single market after Brexit. Below are...
Japan’s Sompo Holdings to Sell Sompo Canopius for $952M to Centerbridge
Sep 1 2017 // Japan’s Sompo Holdings Inc. announced it has agreed to sell Lloyd’s re/insurer Sompo Canopius AG to a private equity consortium led by Centerbridge Partners for $952 million. On completion of the purchase,...
Markel Taps Sompo Canopius’ Holcroft as Contract Frustration & Political Risk U/W
Aug 8 2017 // Markel International, the the London-based specialist insurer and Markel Corp. subsidiary, has appointed Alex Holcroft as political risk underwriter in Singapore. He joins the existing trade credit and political risk team...
Sompo International to Acquire Novae’s Financial Institutions’ Renewal Rights
Jun 2 2017 // Sompo International, a Bermuda-based specialty provider of property and casualty re/insurance, announced its London market insurance platform has agreed to acquire Novae Syndicates Ltd.’s financial...
A.M. Best Places Ratings of Sompo Japan Canopius Re Under Review
May 23 2017 // A.M. Best has placed under review with developing implications the financial strength rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Zurich-based Sompo Japan Canopius Reinsurance...
Sompo Develops Nat Cat Model for NW Australia Offshore Oil & Gas Installations
May 17 2017 // Sompo Japan Nipponkoa Insurance Inc. (SJNKI) and Sompo Canopius AG are launching a natural catastrophe risk model for north-west Australia offshore oil and gas installations. The model development was carried out by Sompo...
Hiscox Taps Sompo’s Szakmary to Lead Bermuda Underwriting; Smith to Lead Specialty at Hiscox Re
May 4 2017 // Specialist global insurer Hiscox has announced the appointment of Adam Szakmary as director of underwriting for Hiscox Insurance Company Bermuda, subject to immigration and regulatory approval. Szakmary replaces Damien...
Hamilton Re to Buy Canopius’ Excess Casualty Renewal Rights
Apr 24 2017 // Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced it has agreed to acquire the renewal rights to Canopius Underwriting Bermuda Ltd.’s excess casualty insurance book of business. The...
Sompo International Taps QBE’s Sordillo as Sr. VP, Loss Control Leader
Apr 17 2017 // Sompo International, the Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Victor Sordillo has joined the company as senior vice president, loss control leader. Sordillo is...
Sompo Canopius’ Mining Capacity Rises to $30M with Travelers Syndicate Support
Mar 7 2017 // Sompo Canopius AG announced that its heavy industry team has secured additional capacity for its mining cover from Travelers Syndicate 5000 at Lloyd’s. This takes full capacity for the mining portfolio up to US$30...
Sompo Canopius Re Appoints Swiss Re’s Gray as Head of P&I Reinsurance
Feb 13 2017 // Sompo Canopius Re announced the appointment of Christopher Gray as head of P&I reinsurance, effective immediately. Gray, who joins from Swiss Re, reports to Andy Gladwin, global head of marine treaty. Sompo Canopius Re...
Sompo Canopius Names CNA’s O’Riordan as Head of International Property
Jan 27 2017 // Sompo Canopius AG has appointed Steve O’Riordan as head of international property with immediate effect. O’Riordan brings 30 years’ experience in the international property markets to Sompo Canopius and...
