Article ID: 46f06309bb6bc88a17a50bd924c561b34d5b61545bee2e7e5525056c8034b742
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Reinsurance News Sompo International Sompo is a global provider of property, casualty, and specialty insurance and reinsurance solutions. SompoRe is the reinsurance underwriting arm and provides global reinsurance solutions to its clients. Read all our Sompo insurance or reinsurance news and analysis below. Sompo International posts higher H1’25 profit with strong reinsurance performance 19th November 2025 Sompo International Holdings Ltd., a specialty provider of property, casualty, and specialty insurance and reinsurance, reported an insurance service profit of $1.038 billion in its first half financial year results, an increase of 75% on the prior year, with the firm highlighting significant growth across all three business segments. For H1'25, ... Read the full article Sompo International’s FY’24 GWP expand as CoR improves to 96.3% 20th May 2025 Sompo International has reported an adjusted profit of $1.38 billion for the 2024 financial year (FY2024), an increase of $230 million year-over-year, driven by robust top-line growth, reduced adverse prior-year development, and higher net investment income. Meanwhile, the firm reported gross written premiums (GWP) of $16.53 billion for FY2024, up from ... Read the full article Sompo International’s GPW reach $12.47bn in 3Q FY’24 14th February 2025 Sompo International’s commercial P&C business has reported that gross premiums written reached $12.47 billion in the first nine months of the 2024 fiscal year (3Q FY2024), up $542 million from the same period of 2023, driven by growth in Global Markets and Reinsurance. Of the total gross premiums written figure for ... Read the full article Sompo expands UK presence with marine insurance proposition 26th September 2024 Sompo, a global provider of commercial and consumer property and casualty re/insurance, has launched a new national marine insurance proposition for the United Kingdom. This new policy will allow the insurer, for the first time, to write Marine Cargo, and Transport & Logistics policies across the regions, in addition to London. Aimed ... Read the full article Sompo invests in Palantir’s AI solutions to drive digital transformation 23rd August 2024 Sompo, a subsidiary of the company responsible for the insurance and reinsurance operations of Sompo Holdings Group outside of Japan, has announced its partnership with Palantir Technologies Inc., a vendor of artificial intelligence (AI) systems. With this initiative, Sompo will leverage Palantir’s data integration and AI solution - which the insurer ... Read the full article Sompo Intl. P&C reports dip in underwriting income for Q1 as CoR hits 94.1% 9th August 2024 Sompo International's commercial P&C business has reported an underwriting income of $127.4 million for Q1 of the 2024 financial year, down from $155.3 million in the same period of 2023, while its combined ratio increased 1.7 points to 94.1%. Broken down, Sompo International's commercial P&C North America segment contributed $19.3 million ... Read the full article Sompo launches technology insurance product for UK middle market clients 4th June 2024 Sompo International has announced the launch of a new insurance product for technology business, aimed at middle market clients in the United Kingdom. Created with modular wording and flexible approach, the package includes coverages comprising Property, Casualty, Professional Indemnity (PI) and Cyber. All covers are optional and customised to each client’s unique ... Read the full article Sompo Intl. reports stronger P&C combined ratio in FY’23 results 20th May 2024 Bermuda-based specialty re/insurer Sompo International Holdings has reported that the financial year 2023 combined ratio for commercial property & casualty (P&C) improved to 91.8% from 92.5%, driven by improved accident year loss ratios and lower catastrophe losses. The stronger combined ratio is reflected in a rise in underwriting income from $667.3 ... Read the full article Sompo Intl. adjusted profit above forecast despite $575m reserve strengthening 14th February 2024 Sompo International has disclosed that its USD-basis adjusted profit exceeded forecasts by $39m in 2023, reaching a preliminary $1.15bn, despite substantial reserves strengthening in Q4. According to the Bermuda headquartered re/insurer, it strengthened 2019 and prior accident year reserves in Q4 2023, and the balance for future years, resulting in a ... Read the full article Sompo Intl. granted licence to write primary insurance in France 14th February 2024 Sompo International, a global provider of commercial and consumer property and casualty (P&C) re/insurance, has announced that it has been granted a licence to write primary insurance in France by the French Prudential Supervision and Resolution Authority (ACPR). This move further extends the company’s commercial P&C insurance capabilities and product offerings ... Read the full article David Bigley appointed EVP, Head of Ceded Reinsurance, Sompo Intl. 31st January 2024 Sompo International, the property & casualty (P&C) insurer and reinsurer, has named David Bigley Executive Vice President, Head of Ceded Reinsurance, where he will be responsible for the firm's outbound reinsurance placements. With over two decades of reinsurance underwriting experience, Bigley brings an extensive background of knowledge towards his new role. Sompo ... Read the full article Sompo Intl. bolsters European presence by naming Talegón Head of Marine, Iberia 27th December 2023 Sompo International, a global provider of commercial and consumer property and casualty re/insurance, has appointed Elena Talegón as Head of Marine Insurance for Iberia. According to the announcement, she will be based in Madrid, where she will report to Jamie Cañellas, Country Manager, Insurance for Iberia. She joins Sompo International from global ... Read the full article Sompo Intl. hires Barr as Head of Marine & Energy Liability Insurance, London Market 11th December 2023 Sompo International Holdings Ltd., a Bermuda-based holding company, has appointed Stephen Barr as Head of Marine & Energy Liability Insurance, London Market. In his new role, Barr will be based in London, where he will report to Paul Ashworth, Head of Aviation, Energy and Marine, London Market. He ... Read the full article Sompo Intl. sees underwriting income of $340.6m in H1 17th November 2023 Sompo International has reported an underwriting income of $340.6 million in H1 of its 2023 financial year, down $104.6 million from the same period last year due to "increased losses due to natural disasters." The firm's commercial P&C combined ratio also adversely rose by 3.1pt YoY to 92.1%, which was again ... Read the full article Sompo Intl. names Chiew Head of Crisis Management for Commercial P&C in APAC 27th October 2023 Sompo International, a leading global insurer, has expanded its presence in the Asia Pacific (APAC) region by appointing Pei Ru Chiew as the Head of Crisis Management for Commercial Property & Casualty (P&C) Insurance. In this role, Chiew will be based in Singapore and will report to Paul O’Neill, the President ... Read the full article
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