Sompo International Announces U.S. Insurance Business Development Roles
PEMBROKE, Bermuda – April 6, 2018 – Sompo International, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that Mr. Jonathan Monks and Mr. Ben Tasse have been appointed as Senior Vice Presidents, Business Development, for the company’s U.S. Insurance platform reporting to Mr. Chris Sparro, CEO of U.S. Insurance. In these new roles, Mr. Monks and Mr. Tasse are responsible for broker/agent relations and business development strategies to strengthen the platform’s interactions with key U.S. distribution markets. Mr. Monks is focused on retail distribution partners while Mr. Tasse is focused on wholesale distribution partners. Both Mr. Monks and Mr. Tasse are located in the company’s New York City office.
Mr. Monks has more than 20 years of strategic relationship management and large account distribution experience primarily at Marsh and AIG. He joined Sompo International from AIG where, for almost ten years, he held management roles in AIG Property & Casualty’s New York region, most recently as Managing Director. Prior to that, he was Senior Vice President in Marsh Inc.’s Private Equity and Mergers & Acquisitions Services team. Mr. Monks holds an M.B.A. degree from the University of California at Berkeley and a B.A. in Political Science from Boston College.
Mr. Tasse joins Sompo International from AXIS Capital where he held underwriting and managerial positions of increasing responsibility since 2009. Most recently, he was Vice President, Professional Liability Underwriter and Manager within Axis’ Private Equity and Venture Capital Team. Mr. Tasse holds a B.S. degree in Finance from Siena College.
Mr. Sparro commented, “With Jon and Ben assuming these new roles in our U.S. Insurance operation, we will be able to build on their experience and producer networks to further expand our presence in the markets we service. As we continue to add new talent and specialty capabilities to our organization, we look forward to broadening our distribution network, developing new strategic initiatives and strengthening existing partnerships.”
About Sompo International
Sompo International is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Through its operating subsidiaries, Sompo International writes agriculture, professional lines, property, marine and energy, and casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk and specialty lines of reinsurance. Sompo International 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), A (Strong) from Standard and Poor’s and A2 from Moody’s on our principal operating subsidiaries. Sompo International’s headquarters are located at Waterloo House, 100 Pitts Bay Road, Pembroke HM 08, Bermuda and its mailing address is Sompo International, Suite No. 784, No. 48 Par-la-Ville Road, Hamilton HM 11, Bermuda. For more information about Sompo International, please visit www.sompo-intl.com.