27 June 2017Insurance

Sompo expands London presence with new A&H unit, appoints leader

Bermuda-based property/casualty re/insurer Sompo International has launched a new accident and health (A&H) insurance unit.

The company has appointed Dale Willetts as executive vice president, head of accident and health, to lead the new team that includes six underwriters located in its London office. Willetts will report to Richard Housley, chief underwriting officer Sompo International London Market Insurance.

Willetts was head of underwriting A&H at ANV since 2012 and, prior to that, was in a similar role at Travelers.

The new team will write a broad portfolio of global A&H business written primarily through the company’s Lloyd's Syndicate 5151.

"We are very pleased to welcome the A&H team to Sompo as we continue to expand our London presence into new product offerings and distribution channels," Housley commented. "With strong broker relations built over decades serving this niche market, the team’s client-centric underwriting approach complements Sompo’s reputation for collaboration and responsive service. Dale and his colleagues are a great addition to the London insurance platform that we have built over the last four years."

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More on this story

31 May 2017   Bermuda-based property/casualty re/insurer Sompo International is acquiring the renewal rights to Novae’s financial institutions (FI) portfolio which had annual gross written premiums in excess of $25 million.
28 June 2017   Specialty re/insurer Sompo Canopius has appointed Tim Watson as credit and political risk underwriter.
17 October 2017   Sompo International remains strongly positioned in the market, despite the losses from natural catastrophes that have hit in the third quarter of the year, David Bigley, executive vice president, chief underwriting officer and head of global catastrophe reinsurance at the company, told PCI Today.