Company: Sompo Page 1 / 3
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- May 20 2025
Sompo posts record profits, bolstered by overseas business
Japanese group’s international business' underwriting income grew by almost six times to US$399m in FY24.
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- May 5 2025
Sompo appoints Wei Beng Toh to APAC operational excellence role
Toh, who joins from Manulife as assistant vice president, will report to Kent Leong, head of regional project and commercial operations in APAC.
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- April 28 2025
Sompo appoints Kathleen Chin as APAC marine underwriter
She spent the last two years as an account manager for Oneglobal Broking, having also worked for the likes of Munich Re Syndicate Labuan and Guy Carpenter.
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- April 17 2025
Premium hikes to boost Japan’s big four insurers’ domestic profitability: Moody’s
The profitability will improve gradually supported by fire and motor lines, which account for about 70% of net premiums written by Aioi Nissay Dowa Insurance, Mitsui Sumitomo Insurance, Sompo Japan Insurance and Tokio Marine & Nichido Fire Insurance.
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- April 3 2025
Sompo appoints Sherlyn Kok as vice president, APAC head of compliance
Singapore-based Kok will lead the regional and local market compliance, reporting to Todd Corey, executive vice president, general counsel, APAC.
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- March 27 2025
Sompo expands into Europe with licences for Netherlands, Belgium
Extends the Japanese group’s offerings in continental Europe, where it also operates in Germany, France, Spain, Italy and Switzerland.
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- March 25 2025
FSA issues business improvement orders to Japanese non-life insurers over information leaks
Regulator says 2.7m sets of information on rivals' clients were leaked by employees on loan to multi-client insurance agencies.
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- March 17 2025
Sompo Insurance Singapore promotes Paddy Harman to head of financial, political risk for APAC
Harman joined Sompo as a senior underwriter for political and financial risk in September 2023 from Allianz Trade in London.
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- March 14 2025
Sompo’s restructuring to accelerate Japan commercial shift
Executives add details to the integration of the group's business into a global P&C platform from April 1.
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- February 24 2025
Sompo reshuffles APAC commercial lines team in Singapore, Hong Kong
Kelly Koh, Victoria Soo and Szeto Ophelia will be 'instrumental in driving their respective lines of business across the region', according to the carrier.
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- February 17 2025
MS&AD accelerates, while Tokio Marine, Sompo see overseas topline growth moderate in Q3 FY24
MS&AD’s foreign subsidiaries grew NWP by a combined 25%, in contrast to the 1.2% growth posted by Tokio Marine’s international non-life businesses and 0.8% by Sompo’s overseas arms.
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- February 14 2025
Sompo restructures into global P&C, wellbeing segments
James Shea will lead global P&C business; with APAC CEO Kenneth Reilly handed additional role as deputy president Sompo Japan.
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- February 14 2025
Sompo’s domestic P&C falls 39% in adjusted profit to US$299m in Q3 FY24
Drop attributed to a rise in accident rates and unit repair costs in motor and the impact of increased company expenses due to upfront investment, offset by base profit improvement in fire.
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- February 6 2025
Sompo appoints Lily Claydon as chief risk officer, Asia Pacific
Claydon joins from AIG, where she was the APAC chief risk officer.
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- January 28 2025
Sompo promotes Jasmine Chan to senior VP for APAC ceded reinsurance
APAC CEO Kenneth Reilly tells IAN Chan has 'an extensive knowledge of Sompo’s product offerings and the APAC market dynamics'.
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- January 16 2025
California fire losses for Japan’s big 3, Korea’s DB Insurance likely to top US$600m
Tokio Marine Holdings, MS&AD Insurance Group and Sompo Holdings could see claims of up to US$575m, according to media reports, while DB Insurance has estimated US$41m.
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- January 8 2025
Sompo beefs up APAC ranks with new chief claims officer
Pablo Diago takes up the Singapore-based role just over a year after joining from Crawford.
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- November 29 2024
Sompo hires Zurich veteran to head APAC multinational business
Liu was most recently head of middle-market and international programs at Zurich.
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- November 28 2024
Sompo targeting US$1bn GWP growth from overseas business by FY 2026
It continues to eye geographic expansion and is actively working on M&A, the Japanese insurer said in its mid-term management plan.
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- November 20 2024
Japan’s big three post US$8bn windfall from strategic holdings unwind
The major insurance groups also showed significant improvements in H1 CORs as they benefitted from benign loss environment at home and overseas and robust premium growth.
