Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced that Udo Pützer has joined the company’s European insurance platform as head of Financial Lines Insurance in Germany.
Pützer is based in the company’s Düsseldorf office and will introduce a range of management liability, professional indemnity, and financial institutions products to the German insurance market. He will also work in conjunction with the company’s specialized M&A insurance underwriting team in Barcelona to offer transaction risk products.
Pützer reports to Mathieu Borneuf, senior vice president, Continental European Professional Liability Insurance.
Joining the company’s leadership team in Germany, Pützer will also assume the role of underwriting manager with responsibility for the company’s Düsseldorf-based underwriting team, which currently offers a suite of property, casualty and marine insurance products.
Pützer joins Sompo International with more than 15 years of professional lines underwriting experience, most recently as head of Field Underwriting – Financial Lines at Amlin Insurance SE in Cologne, Germany. With a focus throughout his career on directors & officers (D&O) and professional indemnity insurance for commercial risks and financial institutions, Pützer’s prior roles include several insurers as well as head of Financial Lines for Commercial D&O at Aon Versicherungsmakler Deutschland.
Prior to that, he founded Dual Deutschland, a start-up MGA in Cologne, Germany, where he served as co-managing director for eight years. Pützer holds a degree in business administration from the University of Cologne and a Master of Business Administration from Azusa Pacific University in California.
Thomas Mannsdorfer, executive vice president and head of European Specialty Underwriting at Sompo International, commented: “As a seasoned underwriting leader with extensive underwriting and operational experience in the German insurance market, Udo is a welcome addition as we broaden our professional lines focus in the European Economic Area (EEA). Udo’s presence in Germany will enable us to quickly extend Sompo International’s growing portfolio and presence in this specialized market.”
Source: Sompo International
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