Sompo taps credit and political risk underwriter from AmTrust at Lloyd’s

Specialty re/insurer Sompo Canopius has appointed Tim Watson as credit and political risk underwriter.

Watson was previously political risk and credit underwriter at AmTrust at Lloyd’s.

In his new role, Watson will underwrite a broad spectrum of credit and political risks at Sompo, and report to Bernie de Haldevang, who heads the team in addition to his role as global head of specialty.

Sompo Canopius recently announced a new trade credit insurance team led by Will Clark that focuses primarily on excess of loss short term business.

The company stated that the latest appointment is a part of the group's strategy to expand its underwriting in the credit and political risk and trade credit areas, and diversify its specialty lines.

"We have a clear strategic plan to grow a number of our specialty lines, which Tim’s appointment and other recent hires clearly demonstrate," Haldevang said. "We will continue to bolster our underwriting significantly and adopt more prominent leading positions as we make further hires.

"We are pleased that Tim has joined the team, bringing both his underwriting and technical risk assessment skills to the role. I am also looking forward to making further announcements in the near future."

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