Sompo International hires EVP

Sompo International Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Ray Santiago as executive vice president and leader of the company’s US commercial management liability (CML) and financial institutions (FI) teams. Santiago will report to Chris Sparro, chief executive officer of US insurance, and will be based in the company’s New York office.

Santiago joins Sompo International with over 30 years of experience in the insurance industry. He will have management oversight for Sompo International’s US CML and FI teams which will continue to be led by Joe Spallone, senior vice president, CML and Dennis Krause, senior vice president, FI, respectively. Most recently, Santiago was senior vice president of underwriting for XL Catlin’s professional liability team and prior to that he served as regional executive for AIG’s New York and Mid-Atlantic regions and the financial institutions industry leader for Willis.

Chris Sparro, chief executive officer, US insurance for Sompo International said: “Ray’s extensive technical expertise as an experienced D&O underwriter and his deep knowledge of the professional lines market makes him a terrific choice to lead our CML and FI teams. I am delighted to welcome Ray to Sompo International’s US insurance team and look forward to working with him as we continue to expand our efforts and deliver exceptional service professional liability to our brokers and clients."

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