Sompo International appoints chief underwriting officer, EVP Global Risk Solutions

Sompo International Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed David Carter as chief underwriting officer and executive vice president of the Sompo Global Risk Solutions (GRS) strategic business unit, reporting to Michael Chang.

Carter will assume a strategic management role and will have oversight of underwriting strategies, new product innovation, and underwriting guidelines along with expense and profitability management. He will help Sompo GRS continue its growth trajectory, introducing new and innovative products, and through the expansion of its network of retail brokers and agents across the US and Mexico.

Carter has over 30 years of experience in the industry, specialising in middle market, specialty and financial products. He began his career at Aetna before spending 17 years at Travelers Insurance where he held various underwriting and leadership positions in National Property, First Party as well as their Middle Market group. He then moved to the The Hartford Insurance Company for seven years where he was executive vice president and head of their middle market division. Most recently, he served as the chief insurance officer of an insurtech start-up.

Michael Chang, chief executive officer, Sompo Global Risk Solutions, said: “David’s creativity and expertise in evaluating innovative approaches to underwriting and risk management will be invaluable to the continued profitable, fast growth that Sompo GRS is expected to achieve through our integrated industry vertical model.

“In his role, David will help us continue to enhance the Sompo GRS experience, adding to our white glove service model and ultimately benefiting our clients. David’s track record of leading teams that deliver superior client service and excellent results make him an ideal fit for the Sompo GRS executive team. We are very pleased to have him join our organisation.”

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