Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced the appointment of Mr. Richard Brown as the lead of a new team focusing on property business in its statement. The business is through retail distribution channels in the UK, Europe, and selected international territories including the Middle East and Israel, the statement says.
Mr. Brown recently served as Head of Property and Marine Lines at Generali and has a lot of expertise, with almost 30 years of UK and International property risk underwriting experience, the statement says.
Mr. Julian James, Chief Executive Officer, International Insurance at Sompo International, commented, “our ambition is to deliver solutions for our clients and broker partners that help them to achieve effective risk transfer. By expanding our offering into the retail market, the new team will build on the success of our existing property expertise, which has a global wholesale focus, and offer our capacity and appetite to develop much closer ties to major corporates and international multi-nationals.”
About Sompo International
Sompo International Holdings Ltd. (Sompo International) is a global specialty provider of property and casualty insurance and reinsurance, with headquarters in Bermuda. Sompo International companies are wholly owned subsidiaries of Sompo Holdings, Inc., whose core business encompasses one of the largest property and casualty insurance groups in the Japanese domestic market.