Nicolas Burnet has been appointed as the new chief financial officer at Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance.

Mr Burnet, who also becomes a member of the executive team, reports to James Shea, CEO of Sompo International, and is based in Boston.

Mr Burnet succeeds Michael McGuire, who after 20 years with Sompo International, formerly Endurance Specialty, has decided to step down from his role as CFO.

The new appointee has joined Sompo International from PartnerRe, where he most recently served as CFO. Before that, Mr Burnet spent nearly 16 years with Zurich Insurance Group in various leadership positions, including group head of planning and performance management, CFO for general insurance and global life CFO.

Mr Burnet said: “I’m thrilled to join Sompo International at such an important time in the organisation’s growth journey. I’m looking forward to building on its record of exceptional delivery in close collaboration with the leadership team and colleagues globally.”