Skip to main content

Christopher Donelan Appointed Chief Executive Officer of Sompo International’s Reinsurance Business

Written by Customer Service on . Posted in Public Companies.

PEMBROKE, Bermuda, March 20, 2020 (GLOBE NEWSWIRE) — Sompo International Holdings Ltd. (“SIH”), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that, subject to applicable regulatory approval, Mr. Christopher Donelan, currently the Deputy CEO of Sompo International (SI) Reinsurance will assume the position of Chief Executive Officer of SI Reinsurance. The reinsurance business of SI represents approximately $2.4b of annual gross written premiums with locations in the United States, Bermuda, the United Kingdom, Switzerland and Singapore. Mr. Donelan will report to Mr. Christopher Gallagher, CEO of SI’s Commercial P&C business. Stephen Young, the current CEO of Reinsurance at SI has resigned from the company to pursue other interests.
Mr. Gallagher commented, “I am extremely pleased that Chris has assumed the role of CEO of SI’s Reinsurance business. His extensive industry experience, strong relationships with our major clients, distribution partners and employees, historical knowledge of our company combined with a proven track record of building profitable and meaningful reinsurance portfolios qualifies him as the ideal executive to lead our Reinsurance business. In addition to his role as CEO, Chris will be joining the SI Commercial P&C Executive Team. Finally, I would like to thank Stephen Young for his many contributions to SI over his 17-year tenure with the company and wish him the very best in his future endeavors.”Mr. John Charman, Executive Chairman of SIH and CEO of Sompo Holdings Overseas Insurance and Reinsurance Business, added, “I am delighted that Chris has been appointed to this position. I’ve known and worked closely with Chris for almost 20 years and have complete confidence in his ability to lead this critically important segment of our global business. Chris is well known throughout our industry as an excellent underwriter and a decisive leader who has the proven ability to build profitable portfolios, attract and develop strong talent and drive strategic initiatives across a global platform. I look forward to continuing to work closely with him and the rest of the SI and Reinsurance leadership teams as we continue the transformation of Sompo International into a top 10 global insurer and reinsurer.”Mr. Donelan commented, “I’m honored to accept the role of CEO of SI’s Reinsurance business having been a part of this team for over 6 years. Emerging from all the current market turmoil, I am convinced we have the opportunity to substantially increase the profile of our reinsurance platform to become an even more relevant and strategic, global partner for our cedants and broker partners. I look forward to the challenge and would like to thank Chris, John, and the SIH leadership team for giving me this opportunity.”   Prior to joining Sompo International in 2013, Mr. Donelan held senior reinsurance leadership roles at leading property and casualty carriers and has over 30 years of industry experience. Mr. Donelan holds an MBA from St. John’s University and holds both the Chartered Property Casualty Underwriter and Associate in Reinsurance designations.About Sompo InternationalSompo International Holdings Ltd. (Sompo International) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. 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) and A+ (Strong) from Standard and Poor’s on our principal operating subsidiaries. For more information about Sompo International, please visit www.sompo-intl.com.Contact
Cara Gallagher
Senior Vice President, Marketing Communications
Sompo International
P: 917-421-4973
E: Cagallagher@sompo-intl.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.