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Bermudian-based Sompo International Holdings Ltd has announced the promotion of Christopher Gallagher to the newly created role of chief executive officer of the company’s commercial property and casualty business. Mr Gallagher, who will assume the n...

Maiden Holdings Ltd has agreed to sell its US casualty facultative reinsurance team to fellow Bermudian reinsurer Sompo International Holdings Ltd. It is the third time in recent weeks that Maiden has agreed to sell off a part of itself as the comp...

Sompo International Holdings Ltd has launched its new Luxembourg-based subsidiary SI Insurance (Europe), activating its post-Brexit plan well ahead of Britain’s departure from the European Union next year. Sompo International, which is based at offic...

John “Jack” Kuhn has been appointed to the new role of chief underwriting officer for Sompo International’s property and casualty business. The Bermudian-based company said Mr Kuhn would also continue to hold the post of chief executive officer, glob...

Bermudian-based Sompo International Holdings Ltd is to open a new subsidiary in Luxembourg as a Brexit-proof platform for growth in Europe. The insurer and reinsurer said today it had received regulatory approvals from Luxembourg’s Ministry of Financ...

Bermudian-based Sompo International’s US insurance platform has reached an agreement to buy the operating subsidiaries of Lexon Surety Group. Lexon, the second largest independent surety insurer in the US, is comprised of Lexon Insurance Company, B...

Bermudian-based Sompo International Holdings is to set up a new headquarters in Luxembourg for its European operations as part of its Brexit plan. The company, which is a subsidiary of Japanese insurance giant Sompo Holdings, added that it would main...

Sompo International has bolstered its casualty reinsurance team with two new hires. The Bermudian-based company, a subsidiary of Japanese insurance giant Sompo Holdings, said Alison Wood and Lorene Phillips would be based in London as both in the rol...

Blue Capital Reinsurance Holdings Ltd said its book value fell 28 per cent during the third quarter. The plunge was driven by a $51.9 million net loss for the collateralised reinsurer, driven by hefty catastrophe losses. The reinsurer is managed by ...

Sompo International Holdings Ltd has launched a new insurance platform and global clearance system, as it aims to offer clients options across insurance and reinsurance markets to help them manage their risks. SIH, which is based in Bermuda, was esta...

Sompo International has acquired the renewal rights to Novae Syndicates Limited’s financial institutions portfolio, excluding emerging markets. The Bermudian-headquartered speciality insurer and reinsurer reached a renewal rights agreement with Novae...

Japanese giant Sompo has completed its takeover of island-based insurance and reinsurance firm Endurance Specialty in a $6.3 billion deal. Now Endurance will be integrated into Sompo Holdings through the creation of Sompo International, which will be...