"We are thrilled to be expanding our longstanding partnership with Praedicat," said Shannon Totten, SVP and Bermuda Casualty Insurance Practice Leader at Sompo International. "For over a decade we have been pushing the boundaries at the intersection of underwriting and technology in casualty with the aim of helping create a more responsible marketplace for us to operate in.”
Praedicat CEO Robert Reville stated, "Sompo International has been a global leader in the application of modeling and data to casualty insurance. They embraced forward-looking underwriting approaches ahead of the market. With this expanded partnership, Sompo International continues to lead. It is a pleasure to partner with them and exciting to see their commitment to innovation and service to their customers.”
“Technology is changing the ways casualty insurers underwrite and manage risks. Our Excess Casualty team in Bermuda have been pioneers in using third party analytics to price and manage casualty portfolio risk,” said Chris Gallagher, CEO of Sompo International Commercial P&C. “Through an enterprise-level partnership with Praedicat, we are pleased to expand our current North American complex casualty analytical approach to our International and Reinsurance platforms.”
About Sompo
Sompo International Holdings Ltd. (Sompo International) is a Bermuda-based global specialty provider of property and casualty insurance and reinsurance. Sompo International companies are wholly owned subsidiaries of Sompo Holdings, Inc., whose core business includes one of Japan's largest property and casualty insurance groups. Sompo International is a company that is driven by its core values, a carrier that places promise, trust, and a commitment to protect at the heart of everything it does. We maintain excellent financial strength, as evidenced by our principal operating subsidiaries' A+ (Superior) and A+ (Strong) ratings from A.M. Best (XV size category) and Standard and Poor's. To learn more about Sompo International, go to www.sompo-intl.com.