Sompo International Holdings is a major global insurance and reinsurance company. It operates under Sompo Holdings Inc., a Japanese financial group. With a strong presence in over 25 countries, Sompo International offers a wide range of insurance solutions to clients worldwide.
Sompo International provides property, casualty, and specialty insurance and reinsurance services. The company is known for its commitment to delivering high-quality insurance products and services. It aims to simplify the insurance process for clients by offering clear and comprehensive solutions.
Global Presence
With operations in more than 25 countries, Sompo International serves clients across North America, Europe, Asia, and other regions. The company’s global reach allows it to understand and meet the diverse needs of its clients.
Financial Strength
As of September 30, 2024, Sompo International reported:
- Net Premiums Written: $8.83 billion
- Gross Premiums Written: $13.39 billion
- Total Assets: $47.74 billion
The company holds strong financial ratings:
- A.M. Best: A+ (Superior)
- Standard & Poor’s: A+ (Strong)
- Moody’s: A1
Leadership and Governance
Sompo International is led by experienced professionals who guide the company’s strategic direction.
James Shea
James Shea serves as the Chief Executive Officer (CEO) of Sompo International Holdings Ltd. and CEO of Sompo P&C. He has extensive experience in the insurance industry, having held senior positions in various global companies.
Board of Directors
The Board of Directors includes:
- Mikio Okumura – Group CEO, Sompo Holdings Inc.
- Shinichi Hara – Group CHRO, Sompo Holdings Inc.
- Yoshihiro Uotani – Group Chief Risk Officer, Sompo Holdings Inc.
- Nicholas Walsh – Independent Non-Executive Chairman
Business Segments
Sompo International operates through various business segments to cater to different client needs.
Property and Casualty Insurance
The company offers a range of property and casualty insurance products, including coverage for commercial and personal lines. These products are designed to protect clients against various risks.
Reinsurance
Sompo International provides reinsurance solutions to other insurance companies. This helps spread risk and ensures stability in the insurance market.
Specialty Insurance
The company offers specialty insurance products tailored to specific industries and unique risks. These include coverage for agriculture, marine, energy, and more.
Recent Developments
In April 2025, Sompo Holdings announced the formation of two global segments: Sompo Property and Casualty (P&C) and Sompo Wellbeing. This restructuring aims to streamline operations and enhance service delivery.
James Shea was appointed CEO of Sompo P&C, overseeing the integrated insurance and reinsurance businesses. The new structure is designed to provide innovative and sustainable solutions to clients.
Commitment to Clients
Sompo International is dedicated to understanding and meeting the needs of its clients. The company focuses on:
- Delivering high-quality insurance products
- Providing clear and comprehensive solutions
- Ensuring financial stability and strength
- Maintaining strong governance and leadership
Conclusion
Sompo International Holdings stands as a prominent player in the global insurance industry. With a commitment to excellence, strong financial performance, and a client-focused approach, the company continues to provide reliable insurance and reinsurance solutions worldwide.
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