Sompo hires Chubb's life sciences expert for GRS senior leadership team

Bermuda-based specialty re/insurer Sompo International Holdings has appointed Michael Carroll as senior vice president and deputy head of life sciences for Sompo Global Risk Solutions (GRS).

Carroll joins from property/casualty insurer Chubb with over 30 years of experience in technical underwriting. He spent 19 years at Chubb building and leading underwriting practices focused on serving the biotechnology and life sciences industries and served as Chubb’s subject matter expert for contract research organisations.

As a key member of the Sompo GRS senior leadership team, Carroll will be responsible for driving the continued development of the company’s life sciences platform. He will report to Lisa Davis, executive vice president of Sompo Global Risk Solutions.

Davis said: “Whether through the introduction of new products and services or adding new talent to our team, we continue to expand our capabilities to further differentiate our Life Sciences vertical in the marketplace. Michael’s deep industry expertise and technical underwriting experience will play a critical role in further enhancing our ability to anticipate and meet the risk management needs of our clients. We are excited to have him be a part of the Sompo GRS Life Sciences team.”

Michael Chang, chief executive officer of Sompo Global Risk Solutions added: “Michael’s extensive industry knowledge and leadership experience will accelerate the profitable growth and expansion of our Life Sciences industry vertical. His proven track record in leading and growing client-focused underwriting teams in this space will enable us to offer our innovative underwriting approach and white-glove service model to even more Life Sciences clients. We are thrilled to welcome him to the Sompo GRS team.”