While on the ground at the 2022 Monte Carlo Rendez-Vous de Septembre, Sompo’s CEO, Global Reinsurance, Chris Donelan spoke with AM Best TV about 1/1 reinsurance renewal trends and challenges. He stressed that Sompo is here to listen to its clients’ needs and said, ‘Some clients are operating in a hard market for the first time, so it’s important to have discussions about coverage terms and how products must be priced and structured.” He emphasized the importance of being back together face-to-face with clients and partners at the Monte Carlo Rendez-Vous and noted that the improvements in data and analytics will be key to managing through inflation.
Watch the AM Best TV interview
About Sompo
Sompo Holdings Ltd. is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Through its operating subsidiaries, Sompo writes agriculture, professional lines, property, marine, energy, casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk and specialty lines of reinsurance. Sompo companies are wholly owned subsidiaries of Sompo Holdings, Inc., whose core business encompasses one of the largest property and casualty insurance groups in the Japanese domestic market. We maintain excellent financial strength as evidenced by the ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard and Poor’s on our principal operating subsidiaries. Sompo’s headquarters are located at Waterloo House, 100 Pitts Bay Road, Pembroke HM 08, Bermuda and its mailing address is Sompo, Suite No. 784, No. 48 Par-la-Ville Road, Hamilton HM 11, Bermuda.
For more information about Sompo, please visit www.sompo-intl.com.