Sompo International Holdings, a Bermuda based specialty provider of property and casualty (re)insurance have named Christopher Donelan as its new CEO of global reinsurance.
He succeeds Stephen Young, who has resigned from the company after 17 years to pursue other interests.
Donelan will report to Christopher Gallagher, chief executive of commercial P&C. He will also join Sompo International’s commercial P&C executive team.
Prior to his promotion, Donelan was Sompo International’s deputy chief executive of global reinsurance, chairman of North America reinsurance and chief underwriting officer of global casualty reinsurance.
He joined the company in 2013 and has over 30 years market experience, holding senior leadership roles in reinsurance with major P&C companies.
Gallagher commented: “Donelan’s extensive industry experience, strong relationships with our major clients, distribution partners and employees, historical knowledge of our company combined with a proven track record of building profitable and meaningful reinsurance portfolios qualifies him as the ideal executive to lead our reinsurance business.”
Donelan added: “Emerging from all the current market turmoil, I am convinced we have the opportunity to substantially increase the profile of our reinsurance platform to become an even more relevant and strategic, global partner for our cedants and broker partners.”