Latest Sompo International Headlines
All the headlines from our Sompo International Topic Page, ordered by recency.
Sompo Canopius Makes Management Changes as Group CEO Davies Steps Down
Nov 23 2016 // Sompo Canopius AG announced that Stuart Davies is stepping down from his role as group CEO and all other related responsibilities, effective immediately. Davies joined Sompo Canopius in 2015 with a mandate to lead the...
Sompo Canopius Hires Pearce (Former AIG Exec) as Head of Heavy Industry
Sep 8 2016 // Sompo Canopius AG announced the hire of Spencer Pearce as head of heavy industry. Pearce, one of a number of recent senior hires for Sompo Canoipius, joins from AIG. He will report to Mike Southgate, head of Marine, Energy...
Sompo Canopius Launches U.S. Ocean Marine Unit; Hires XL Catlin’s Ellis to Head
Aug 31 2016 // Sompo Canopius AG is diving into the U.S. ocean marine business. The global specialty insurer and reinsurer, which is wholly-owned by Sompo Japan Nipponkoa Insurance Inc., calls this a “significant expansion”...
Sompo Canopius Names Catlin’s Newman as CEO of APAC & MENA
Aug 18 2016 // Sompo Canopius has appointed Mark Newman as chief executive officer Sompo Canopius Asia Pacific, Middle East and North Africa. He is based in the Singapore office, reporting to Mike Duffy, chief underwriting...
Sompo Canopius Appoints Kedney as Chief Commercial Officer
Aug 1 2016 // Sompo Canopius* AG has appointed Paul Kedney as chief commercial officer. Kedney will join the group’s executive committee and work closely with Stuart Davies, group chief executive officer, and Mike Duffy, group...
Sompo Canopius Names Banez as Head of US Financial & Professional Lines
Jul 18 2016 // Sompo Canopius AG announces has hired Laurie Banez as head of U.S. financial and professional lines. Banez is based in the New York office and reports to Stephen Hartwig, group head of casualty. She joins from Argo Pro...
Sompo Canopius & Mexico’s GNP Form Strategic Partnership
Jun 30 2016 // Sompo Canopius AG and Mexico’s Grupo Nacional Provinical SAB formed a strategic partnership. This arrangement will help both parties to develop new business and insurance products for the Mexican market,...
Sompo Canopius Hires de Haldevang as Global Head of Specialty
Jun 1 2016 // Sompo Canopius AG announced that Bernie de Haldevang is joining the group as global head of specialty. He will be responsible for further developing the group’s political risks lines and its accident & health and...
Sompo Launches Model to Evaluate Wind Farm Risks
May 31 2016 // The Sompo group companies have launched a model for evaluating risks to onshore and offshore wind farms. The model, which provides key pricing and cat modeling data for insuring the construction and operation of wind...
Sompo Japan in Talks to Sell Insurance in Malaysia via CIMB Branches: Sources
Apr 13 2016 // Sompo Japan Nipponkoa Holdings Inc. is nearing an agreement with CIMB Group Holdings Bhd. to distribute general insurance products through the Malaysian lender’s branches across Asia, people with knowledge of the...
Sompo Canopius Names Southgate Global Head of Marine, Energy & Engineering
Mar 8 2016 // Sompo Canopius AG announced the appointment of Mike Southgate as global head of Marine, Energy and Engineering. He will join the group underwriting committee and report to Mike Duffy, group chief underwriting...
Allianz, AXA & Sompo to Distribute Products Across Asia via CIMB Bank Branches
Feb 19 2016 // Allianz SE, AXA SA and Sompo Japan Nipponkoa Holdings Inc. made final bids for the rights to distribute their general insurance products through CIMB Group Holdings Bhd.’s branches across Asia, people with knowledge...
Sompo Canopius Partners with UK’s SSBN for US Flood Models, Hazard Maps
Feb 12 2016 // Sompo Canopius AG has entered into a license agreement with SSBN, which will provide it with flood models and hazard maps for the United States. SSBN works within the insurance sector, providing global flood risk...
Sompo Canopius Announces a Simplified Organizational Structure
Feb 9 2016 // Sompo Canopius AG has announced a number of changes to its organizational structure. The company is simplifying its underwriting management and structure to enhance cohesiveness and focus on profitability across the group....
SCOR Issues Statement as Sompo Backs Out of Share Purchase
Dec 14 2015 // French reinsurer SCOR Group issued a statement following the announcement from Sompo Japan Nipponkoa Holdings Inc. that it no longer plans to go through with an agreement to buy a 15 percent stake in SCOR. SCOR said it...
Sompo Japan Canopius Re Gets ‘A’ Rating; to Begin Writing Business on Jan. 1
Nov 30 2015 // A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a+” to Sompo Japan Canopius Reinsurance AG, a wholly owned subsidiary of Canopius Group AG. The outlook...
Canopius & Sompo Form Global Reinsurance Unit, Sompo Canopius Re
Sep 14 2015 // Canopius Group AG* announced the formation of an integrated global business unit to manage the assumed reinsurance business previously written separately by Canopius and Sompo Japan Nipponkoa Insurance Inc. The business...
Japanese Insurers Eye More Acquisitions in U.S.
Jul 17 2015 // Japanese insurers including MS&AD Insurance Group Holdings Inc. and Sompo Japan Nipponkoa Insurance Inc. are seeking mergers with peers in the United States, as a declining population at home forces them to pursue...
SCOR Welcomes Sompo Japan Nippokoa Share Purchase; No Changes Seen
Mar 6 2015 // In a brief announcement French reinsurer SCOR acknowledged that it has been “informed of the signing of a purchase agreement by Sompo Japan Nipponkoa Holdings, Inc.” The Japanese insurer is acquiring the...
Sompo Japan Nipponkoa Plans to Buy 15% Stake in French Reinsurer SCOR
Mar 6 2015 // Sompo Japan Nipponkoa Holdings Inc. will buy a 15 percent stake in French reinsurer SCOR SE in potentially its biggest investment abroad amid diminishing opportunities for growth at home. The insurer will initially buy 7.8...
