Sompo Japan News

People Moves: Sompo Japan Names Takahashi as Chief Risk Officer, Head of Reinsurance; WTW Taps Aon’s Bosc for Global Specialty Team

This edition of International People Moves details appointments at Sompo Japan and Willis Towers Watson (WTW). A summary of these new hires follows here. Sompo Japan Names Takahashi as Chief Risk Officer, Head of Reinsurance Sompo Holdings Inc. announced that …

EasySend and Sompo Japan Join Forces to Improve Customer Experience

Sompo Japan plans to use EasySend’s no-code development platform to power its marine insurance accident notification system Tel Aviv, Israel, January 22, 2021– EasySend, a no-code platform for building and optimizing digital customer journeys, announced that they’re partnering with Sompo …

On-Demand Insurance App Trov Grabs $45M Led by Munich Re/HSB Ventures

On-demand insurance provider Trov has $45 million in new capital to expand its operations, thanks to a Series D funding round led by Munich Re / HSB Ventures. The round brings Trov’s total funding to just over $85 million. Trov …

Japan’s SOMPO to Acquire Endurance for $6.3 Billion

Japan’s SOMPO Holdings Inc. has agreed to acquire all of the outstanding ordinary shares of Bermuda’s Endurance Specialty Holdings Ltd. for $93 per share in cash. The aggregate consideration is approximately $6.3 billion, which represents approximately a 40.3 percent premium …

Sompo Japan Nipponkoa Plans to Buy 15% Stake in French Reinsurer SCOR

Sompo Japan Nipponkoa Holdings Inc. will buy a 15 percent stake in French reinsurer SCOR SE in potentially its biggest investment abroad amid diminishing opportunities for growth at home. The insurer will initially buy 7.8 percent from Swiss fund Patinex …

Climate Change Report Slams Insurers for ‘Profound Lack of Preparedness’

A report on the insurance industry released Wednesday shows “a profound lack of preparedness in addressing climate-related risks and opportunities.” Insurance industry representatives immediately criticized the report as a negative take on the industry’s ability to adapt and not reflective …