Sompo International bolsters US financial lines leadership

Bermuda specialty re/insurer  Sompo International Holdings has tapped one of its own to oversee the underwriting, distribution and management of its US financial institutions business unit.

Kimberly (Kim) Iacocca (pictured) has been promoted to senior vice president and head of financial institutions (FI) for the US financial lines business unit of Sompo International.

Iacocca has been with the company for eight years and most recently held the title of vice president, financial institutions, US financial lines. She has held roles of increasing responsibility within the FI unit, including oversight of the West and Southeast regions, and leading the wholesale distribution initiative for the US FI business unit. In addition to her leadership responsibilities, she serves on the Sompo International Inclusive Diversity Council as well as a board member for The Bridge, a nonprofit organisation whose mission is to build an inclusive network amongst financial lines professionals.

Ray Santiago, EVP, head of US financial lines, said: “Kim’s underwriting acumen, market relationships and history with the Sompo International FI team make her a terrific choice to lead this team of dedicated individuals. She has helped to drive the unit’s significant portfolio growth over the past two years and we are excited by the opportunities that lie ahead for the U.S. FI business unit. I’m looking forward to working closely with Kim as we continue to expand our portfolio and deepen our relationships in the Financial Institutions insurance market.”

Christopher Sparro, CEO of US insurance at Sompo International Holdings, added: “Kim has a proven track record of delivering strong, profitable results for our FI team. Her leadership, knowledge of the business, and clear understanding of our goals provide continuity, builds upon the success achieved over the past two years and positions us for future growth in the Financial Institutions marketplace moving forward. Her passion for mentoring and assisting others to help them reach their highest potential is also evident in her engagement with industry colleagues both inside and outside of the Sompo organisation.”

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