Specialty re/insurer Sompo International has appointed Christopher Gallagher as the Bermuda-based CEO of its commercial property and casualty business, SI Commercial P&C.
Gallagher was formerly the chief risk officer and group actuary of SI Commercial P&C.
In his new role, Gallagher will report to Nigel Frudd, CEO of Sompo International and senior executive vice president and chairman of overseas M&A for Sompo Holdings. Executive leaders of SI Commercial P&C currently reporting to Frudd will now report to Gallagher.
SI Commercial P&C represents $7 billion in shareholder’s equity, $6 billion in annual gross written premiums and over 2,000 employees globally.
"I am extremely pleased that Chris has assumed the new role of CEO of SI Commercial P&C,” said Frudd. “As we continue to build out Sompo International with an unrelenting focus on profitable growth, Chris and the executive leadership of our Commercial P&C business will maintain our core discipline of underwriting excellence and seek additional opportunities to scale our technology and infrastructure to support this growth.
Frudd continued: “Chris brings global experience and a commercial perspective which will serve us well given the many challenges that our industry faces and which continue to evolve. Chris, along with Recai Dalas, who was recently promoted to CEO of Sompo International’s Retail business focused primarily on personal lines products, will be critical to leading Sompo International to become an even stronger global partner for our clients around the world.”
Sompo International, Appointment, Christopher Gallagher, Bermuda