Sompo International becomes newest member of Abir

Sompo International becomes newest member of Abir | Insurance Business New Zealand

Reinsurance

Sompo International becomes newest member of Abir

Its chief risk officer will join the board of directors

Reinsurance

By
Abigail Adriatico

Sompo International Holdings Ltd (Sompo), a global specialty provider of property and casualty insurance and reinsurance, has joined the Association of Bermuda Insurers and Reinsurers (Abir). As part of the development, chief risk officer Emmanuel Brulé will join Abir’s board of directors.

“Sompo underscores the truly global nature of Bermuda’s (insurance and) reinsurance marketplace and I am pleased to welcome the company to Abir,” said Pina Albo, Abir’s chair and CEO of Hamilton Insurance Group.

With Sompo joining Abir, the association’s membership rose to 32 carriers and four intermediaries.

Albo noted that Brulé’s addition to Abir’s board of directors will add to its strength as he will bring a fresh perspective based on his experience of industry leadership across different areas.

Brulé was appointed to his post as Sompo’s CRO in July 2023. Before that, he was the CEO of Sanlam Pan Africa General Insurance. He also previously held leadership positions with AIG, which included working as CRO for EMEA, as well as president of commercial lines.

“Sompo has achieved sustained growth since incorporating in Bermuda many years ago. With an internationally recognised regulator and exceptional industry talent base, Bermuda has proven to be an excellent jurisdiction from which to operate our international business,” said Brulé.

“Sompo, as a global (insurer and) reinsurer, exemplifies the Bermuda value proposition and is a welcome addition to the Abir membership. Their support will help Abir build on our public policy, education and advocacy work that has never been more important,” said John Huff, the CEO of Abir.

Sompo has offices in North America, the UK, Europe, Latin America, and Asia-Pacific. It has a financial strength rating of “A+” from AM Best as well as an “A+” on its commercial P&C operating subsidies.