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...
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