Sompo International Holdings has announced that insurance veteran Julian James will soon join the company to lead its London market and International insurance platforms.
The company did not say exactly when the appointment will take effect as it is subject to regulatory approval.
After what Sompo described as ‘a short period of transition’, James will succeed Graham Evans as CEO London Market and international insurance, reporting to Chris Gallagher, CEO, Sompo International Commercial P&C. Evans will be retiring after almost seven years with the organisation and a lengthy career in the insurance industry.
James joins Sompo International with extensive global insurance experience that spans almost four decades. Most recently, he held several leadership positions in the London market, including president of Allied World’s Global Markets, CEO of the Allied World Managing Agency at Lloyd’s.
Before that, he was CEO of Lockton International, where he also served as chairman of the board of the International Group and CEO of the UK-regulated entity. In addition, he served on the Council of Lloyd’s up until January 2019. Currently he is a member of the Lloyds’s market supervision and review committee.
James began his career in broking at Sedgwick and Marsh in 1981 before joining Lloyd’s of London in 1997, where he led the market’s international network. During this time, he was responsible for growing the Lloyd’s presence in key global markets as well as managing high-level strategic relationships with brokers around the world.
“We are delighted that Julian will be joining our team to lead the strategic expansion of our international insurance business,” said Gallagher. “Sompo International is committed to the continued growth of our London, Bermudan and European businesses, including the recently formed European platform, SI Insurance (Europe), SA, through new products, scale and relevance to these critical markets. Julian’s history of developing deep and meaningful relationships with clients while driving profitable growth, successfully managing acquisitions and motivating high performing teams makes him a perfect fit for Sompo International. I would like to also thank Graham for his successful contributions to Sompo International and wish him the very best in his retirement.”
Commenting on his appointment James said that: “I am honoured to have the opportunity to make an impact on the future of Sompo International. The company’s strategic growth plans, particularly for the London, European and Bermuda markets, and its disciplined approach to underwriting and supporting its clients, make Sompo International a unique and well positioned market-leading organization. I am looking forward to joining a team of some of the most highly experienced and well-respected leaders and underwriters in our industry.”
John Charman, executive chairman of the board of directors, Sompo International Holdings and CEO of overseas insurance and reinsurance business, Sompo Holdings, Inc. concluded, “I have had the privilege and pleasure of knowing Graham Evans both personally and professionally for many years. I would like to give my sincerest thanks to him for his significant contributions not only to our company, but to the London insurance market as well. As he begins his retirement, he should be proud of his accomplishments and the exceptional organization that he has played such a critical role in building for us in the UK and in Europe. Finally, I would also like to enthusiastically welcome Julian to our great team and congratulate him on his new position. I look forward to working closely with him as we continue to evolve and expand upon the solid foundations that Graham has successfully laid.”
Julian James, Sompo International Holdings, appointment