Sompo Appoints Carter To Global Risk Solutions
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that David Carter has been appointed Chief Underwriting Officer and Executive Vice President of the Sompo Global Risk Solutions [GRS] strategic business unit, reporting to Michael Chang.
Mr. 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.
Mr. Carter brings with him over 30 years of experience in the industry, specializing 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.
Mr. Carter then moved to the The Hartford Insurance Company for 7 years where he was Executive Vice President and Head of their Middle Market division. Most recently, Mr. Carter served as the Chief Insurance Officer of an Insuretech start-up.
Michael Chang, Chief Executive Officer, Sompo Global Risk Solutions commented, “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 organization.”
