PEMBROKE, Bermuda, March 07, 2022 — Sompo International Holdings Ltd., a leading global provider of commercial and consumer property and casualty (re)insurance, announced today a strategic reorganization of its Insurance business to best prepare the business for expansion and sustainable growth as a market leading insurance and reinsurance organization.
This new structure will ensure a consistent market approach and improve the ease of doing business globally with Sompo while leveraging the underwriting acumen, market expertise, consistency of appetite and focus on customer service that the organization has always prioritized.
The following changes will be made effective April 4th to better support Sompo’s insurance organization through the next phase of growth:
- Michael Chang has been named Global Head of Customer and Distribution Management. In his new role Michael will expand on our strong customer focus and global key relationships and will report to James Shea, CEO, Sompo.
- Julian James will oversee the newly named EMEA (Europe, Middle East, Africa) Region in addition to Commercial P&C oversight in Asia and Latin America and will continue to report to Chris Gallagher.
- Daniel Neo will lead our Asia Pacific Region for all P&C Commercial and Consumer Insurance in the region and will report to James Shea.
- Chris Sparro will oversee our newly created North America Region (“Sompo North America”) which will include all P&C Insurance in the U.S., Canada, Mexico and Bermuda regions and will continue to report to Chris Gallagher.
Sompo CEO James Shea commented, “As part of a very large P&C business with over 130 years of history, Sompo has become a stronger, dynamic and more relevant market presence in our industry. Our leadership team is committed to investing in the best talent and tools to meet the strategic goals of the business and successfully enter new markets while helping to drive our brand recognition around the world. Our priorities remain the same- we will lead with our core values and our customers and trading partners will be at the center of everything we do.”
About Sompo
“Sompo” refers to Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries. Through its operating subsidiaries, Sompo is a leading global provider of commercial and consumer property and casualty (re)insurance. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc. (“Sompo Holdings”). With approximately 10,000 employees at Sompo, 75,000 employees total worldwide, entities in over 29 countries and over $36 billion in Gross Written Premiums, Sompo Holdings is one of the leading property and casualty insurance groups in the world. Sompo Holdings maintains excellent financial strength as evidenced by the ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard and Poor’s on its principal operating subsidiaries. For more information about Sompo, follow us on LinkedIn or please visit www.sompo-intl.com.
Contact
Sompo
Cara Gallagher
SVP, Marketing & Communications
Phone: + 1 917 421 4973
Email: [email protected]