Sompo

Sompo Reinsurance provides reinsurance worldwide with strong local knowledge and skilled underwriting teams. In 2024, SompoRe wrote $4.5 billion in premiums across property, casualty, and specialty reinsurance.

History of Sompo Reinsurance

SompoRe is the reinsurance brand within Sompo P&C, a segment of Japan-based Sompo Holdings. Sompo Reinsurance had a complex start with major changes and rebranding over the years:

• 2002: began offering specialty reinsurance, including trade credit coverage
• 2005: expanded into surety reinsurance through its US platform
• 2012: opened surety reinsurance operations in Zurich to grow in Europe
• 2017: Sompo Holdings acquired Endurance Specialty Holdings, a global reinsurer
• 2017: renamed as Sompo International to combine global insurance and reinsurance
• 2024: rebranded again as SompoRe, uniting the company under one name

Sompo Holdings later restructured its global business into two parts. Sompo Reinsurance now operates under Sompo P&C, which handles all insurance and reinsurance worldwide.

Reinsurance products and services

Sompo Reinsurance has skilled teams worldwide who offer local insight and expert reinsurance support:

• accident and health: covers medical, travel, and group risks
• aviation and space: protects aircraft and space-related exposures
• casualty: includes general, auto, and liability coverage
• casualty facultative: custom coverage for single casualty risks
• collateralized reinsurance: third-party capital-backed reinsurance protection
• engineering: covers construction and infrastructure project risks
• marine and energy: supports shipping, offshore, and energy operations
• mortgage and alternative reinsurance: protects housing finance and mortgage portfolios
• professional liability: shields professionals from legal claims
• professional liability facultative: individual excess coverage for liability risks
• property: covers damage to physical assets
• property catastrophe: responds to large natural disaster losses
• regional and multiline: supports regional carriers with mixed cover
• surety: protects against contract or bond defaults
• trade credit: insures against buyer non-payment risks
• workers’ compensation and employers’ liability: supports injury and workplace legal claims
• workers’ compensation catastrophe: covers extreme multi-employee loss events

Sompo Re’s other services include:

• SompoRe claims: fast, expert handling of reinsurance claims worldwide
• SompoRe Canada: tailored reinsurance solutions for Canadian market needs
• US reinsurance collateral: trust-based structures meeting US collateral requirements

Sompo Reinsurance’s reinsurance services use proprietary tools and skilled support across core business areas.

Culture and core values

The company builds its culture around five shared values that guide how people work together:

1. agility: choosing simpler paths while adapting through business growth
2. integrity: doing the right thing and staying trustworthy in every decision
3. collaboration: building strong ties with clients, teams, and partners
4. accountability: always aiming higher and taking full ownership of outcomes
5. development: encouraging curiosity and a strong mindset for learning

Sompo Reinsurance's people work to improve, learn, and bring clarity to complex challenges. This approach reflects what they call the ease of expertise.

Workplace environment and benefits

The company values each person’s impact and works hard to build strong, trusted relationships. Employees are also provided with:

• pay and rewards: base salary plus yearly performance bonus
• equity and savings: long-term incentives with 401(k) match and company contribution
• health and wellness: broad care plans and wellness benefits
• flexible time off: paid leave with balance-friendly time options
• commuting benefits: pre-tax commuter programs for travel savings
• family support: parental leave and adoption help worldwide
• education benefits: tuition help for learning and advancement
• learning access: video lessons, certifications, and on-demand courses
• live training: virtual and in-person sessions with expert guidance
• leadership development: executive and trainee programs for new and rising talent

Sompo Reinsurance blends pay, personal growth, and balance to support long-term career motivation. The goal is to keep people engaged, growing, and ready to succeed.

Sompo Reinsurance in the community

It supports giving back through the Sompo Foundation’s global community efforts. The foundation helps fund social causes and long-term charitable projects worldwide. Sompo Shares encourages staff to give, volunteer, and support causes they care about.

The future at Sompo Reinsurance

Apundeep Lamba, head of reinsurance in Canada, was named to the 2024 ReInsurance Business Hot List. His role shows trusted leadership through changing reinsurance cycles. Sompo’s reinsurance division moves forward with strong discipline, smart limits, and focused underwriting quality.

Sompo can now offer primary insurance in Belgium and the Netherlands. The move supports local market needs and may later create space for SompoRe’s growth. The company continues building its European footprint and strengthening reinsurance under Sompo Reinsurance worldwide.