Sompo International Holdings Ltd., the Bermuda-based specialty provider of property and casualty re/insurance, announced that Thomas Brazil will become chief executive officer of SI Insurance (Europe), SA, the company’s platform for European Economic Area (EEA) insurance business.
Brazil has held major leadership roles in the European insurance and reinsurance field as both an underwriter and broker. He will relocate from Zurich, Switzerland to SI Insurance (Europe)’s headquarters in Luxembourg.
Brazil is currently senior vice president, and head of Europe Property Catastrophe Reinsurance at Sompo International. His appointment is subject to regulatory approval.
Before he joined Sompo International, Brazil was property reinsurance underwriter at Aspen Re (September 2007 to November 2012), according to his LinkedIn profile. Between October 2002 and August 2007, he was a reinsurance broker for Aon Benfield, his profile said.
Brazil will assume the role previously held by Takashi Kurumisawa, who has joined the Sompo International Office of the CEO as executive vice president for Transactions Strategy and the Sompo International Retail Executive Team, both effective immediately.
In his new role, Kurumisawa will provide coordination focused on the integration into Sompo International of the remaining Sompo overseas businesses outside of Japan, a key strategic initiative for Sompo Holdings, Inc. (Sompo).
Prior to joining Sompo International in 2017, he was general manager of the Global Strategy Office of Sompo for eight years and led the transformation of Sompo’s overseas business, focused on M&A and integration of acquired companies. Kurumisawa will be located in New York City, subject to immigration approval.
“Europe is a strategic market for our commercial P&C business and SI Insurance (Europe) provides Sompo with a core foundation for additional growth in this region,” commented Christopher Gallagher, executive director and chief executive officer of Sompo International Commercial P&C.
Brazil brings to his new role role extensive underwriting expertise, a commercial perspective and broad pan-European experience, said Gallagher, noting that Brazil will work closely with colleagues in London and across the Continent.
“I would like to thank Takashi for his contributions over the past year towards the successful launching of SI Insurance (Europe) and in assisting with the integration of Sompo’s commercial operations across Europe which now provides Sompo International with broad EEA insurance capabilities,” said Nigel Frudd, executive director, chief executive officer of Sompo International Holdings and senior executive officer and chairman of Overseas M&A for Sompo Holdings, Inc.
“I now look forward to working with him as we continue to build Sompo International into a truly integrated global platform to deliver both commercial and retail products throughout the world,” Frudd added.
Source: Sompo International Holdings
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