Sompo Intl. adjusted profit above forecast despite $575m reserve strengthening
Reinsurance News - Feb 14, 2024
Sompo International has disclosed that its USD-basis adjusted profit exceeded forecasts by $39m in 2023, reaching a preliminary $1.15bn, despite substantial reserves strengthening in Q4. According to the Bermuda headquartered re/insurer, it strengthened 2019 and prior accident year reserves in Q4 20...
Recommended Articles
Posted: Oct 10, 2025
According to ratings agency AM Best, the US property and casualty (P&C) insurance industry is se...
Posted: Oct 10, 2025
The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has announced t...
Posted: Oct 10, 2025
A new ZestyAI survey finds that the insurance industry is falling behind in preparing for climate-dr...