Sompo International poaches from ANV and Navigators to launch European specialty unit

Bermuda-based property /casualty re/insurer Sompo International has unveiled plans to launch a new European specialty insurance underwriting operation in Barcelona run by two senior executives it has hired.

The operation will initially focus on management liability, professional indemnity and financial institutions lines of business.

Thomas Mannsdorfer, who recently joined the company from ANV Global Services, has been appointed executive vice president and will run the team. At ANV, Mannsdorfer served six years as director, M&A insurance and more recently also as CUO international. He has also held various roles at HCC Global, AIG, and Allianz in Spain, France and Switzerland.

Mannsdorfer will be joined by Mathieu Borneuf, senior vice president, who joined from Navigators in January where he was head of management and professional liability for Continental Europe as well as Paris branch manager since 2014. Prior to that, he held a similar role at Torus Insurance. Previously, he held various roles at Marsh Paris, AIG Australia and AIG Europe.

Graham Evans, CEO of London Market Insurance, said: “We are excited to build out our underwriting capabilities in Continental Europe under Thomas and Mathieu and plan to introduce several additional professional lines products and underwriters to the new operation over the next few months.

"The new team will work closely with our established London Market Insurance operation to offer a full suite of products to our international clients underwritten through both our company platform and Lloyd’s syndicate.”

Jack Kuhn, CEO of global insurance, said: “Europe is a key area of growth for Sompo International and we continue to build a strategic presence on the continent. As we add specialty underwriting talent, we will be able to more effectively deliver a broader range of products to clients in these markets. Local presence and a distributed producer network will be critical to successful growth, especially as we plan for the post-Brexit environment.”

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