Sompo International hires Richard Brown to lead new property team

Bermuda-based specialty (re)insurer Sompo International Holdings Ltd, has announced the appointment of Richard Brown to lead a new team focusing on property business.

The new team will cover retail distribution channels in the UK, Europe and selected international territories including the Middle East and Israel.

Brown brings a wealth of expertise with nearly 30 years of UK and International property risk underwriting experience. He joins the firm from Generali where he most recently served as head of property and marine lines.

Julian James, chief executive officer, International Insurance at Sompo International, said: “Our ambition is to deliver solutions for our clients and broker partners that help them to achieve effective risk transfer.

“By expanding our offering into the retail market, the new team will build on the success of our existing property expertise, which has a global wholesale focus, and offer our capacity and appetite to develop much closer ties to major corporates and international multi-nationals.”