Julian James, Chief Executive Officer, International Insurance, was recently featured in Insurance’s Day’s ‘Big Interview’. He discussed Sompo International’s ambition to become a top 10 global insurer and the ways the company is demonstrating its relevance in the market, noting Sompo International’s “rational and bold” response to the pandemic. “The market is very focused on emerging risk issues and the need to provide cover for them but it is really important we understand how risks are changing in traditional specialty lines areas such as aviation and marine—a lot of carriers are withdrawing from those markets because of that changing risk profile,” he said.
Beyond its willingness to take on risk at a time when competitors’ appetites are depressed, Mr. James said Sompo International’s financial support, scale and global footprint, as well as its A+ ratings will all be integral as it progresses in its quest to become a top 10 global insurer. He added that Sompo International’s focus will remain on enhancing its ability to deliver insurance solutions for clients and said, “The insurance companies that will succeed in the current market environment are those companies that understand the needs of their customers.”