Company: Sompo Page 1 / 1
- November 20 2023
Rate increases, absence of Covid-19, large nat cat losses and increased investment income help Tokio Marine, MS&AD and Sompo improve their earnings in the first half of FY 2023.
- October 27 2023
He joins from Allianz as a senior underwriter in Sompo's credit & political risk team as the specialty player expands its APAC commercial P&C capabilities.
- September 25 2023
The Japanese insurer’s international arms bring in 38% of net premiums, 74% of adjusted profits in FY 2022, the rating agency said.
- September 19 2023
The inspection is to determine the extent to which the insurer was aware of Bigmotor's fraudulent activity.
- September 8 2023
The top executive will resign and take responsibility for the company’s handling of the insurance fraud, while a nomination committee has been constituted to find a successor.
- August 30 2023
Sarjeant will continue to be based in Singapore and report to Paul O’Neill, president of commercial lines, insurance, Asia Pacific.
- August 23 2023
Walker will continue to be based in Singapore and report to Paul O’Neill, president of commercial lines, insurance, Asia Pacific.
- August 16 2023
The carrier is exploring new markets and industries such as renewables and semiconductors, and is planning to double the wholesale team.
- June 29 2023
The average combined ratio of the major Japanese non-life insurers, Tokio Marine, MS&AD, and Sompo, increased by six percentage points year-on-year to 100% in FYE23.
- May 22 2023
Tokio Marine, MS&AD and Sompo expect a revival in international units to drive FY 2023 performance.
- May 19 2023
Sompo International improves underwriting profit by 25% over last year despite US$553m of nat cat losses.