Sompo appoints new CFO

Bermuda’s Sompo International has appointed a new chief financial officer. Nicolas Burnet joins as part of the executive team and will be based in Boston, Massachusetts, reporting to James Shea, CEO of Sompo International.

Burnet joins from Partner Re, where he most recently served as CFO. Before that, he spent nearly 16 years with Zurich Insurance Group in various leadership positions, including group head of planning and performance management, CFO for general insurance and global life CFO. He began his career in financial services with various companies, including Neuberger Berman, JP Morgan and Price Waterhouse.

At Sompo, he takes over from Michael McGuire, who, after 20 years with Sompo International, formerly Endurance Specialty, has decided to step down from the role.

“I am very pleased to welcome Nick to Sompo,” said Shea. “With his considerable expertise and strong background from multiple financial positions overseeing both P&C and Life business on a global basis, Nick will play a key part in driving our ambitious growth plans and shaping the future of our company. He is a well-known and dedicated leader in the insurance industry who will make an immediate impact.”

“I’m thrilled to join Sompo International at such an important time in the organisation’s growth journey,” said Burnet. “I’m looking forward to building on its record of exceptional delivery in close collaboration with the leadership team and colleagues globally.”