P&C re/insurer Sompo International has appointed Risa Ryan as Chief Underwriting Officer (CUO) and member of the executive team, effective May 15.
In this newly created position, Ryan will be responsible for establishing a collaborative global framework that includes best-in-class underwriting and pricing tools.
This framework aims to ensure a consistent approach to underwriting and providing products and services that meet the multinational needs of Sompo International’s clients.
Reporting directly to James Shea, Chief Executive Officer of Sompo International, Ryan will be based in Florham Park, New Jersey, US.
Prior to joining Sompo International, Ryan served as Global Head of Standard Insurance Products at Swiss Re.
He brings extensive industry experience, holding positions of increasing responsibility throughout his career. Most notably, he is Senior Vice President and Head of Analytics North America at QBE.
Ryan’s professional journey began at Munich Re America, where he spent 27 years in various leadership and underwriting roles, including Head of Strategy and Analysis, the re/insurer said.
“I am happy to welcome Risa to Sompo International. The role of the CUO at this stage of our development is essential to help ensure that we continue to operate in an agile manner with a focus on our clients in each market. This is key to building global underwriting communities and tools across Sompo International and working closely with Sompo Japan as more and more of our products and exposures are global. With her extensive experience and extensive knowledge of the insurance industry, I am confident that Risa will play an important role in the next phase of our organization,” commented Shea on Ryan’s appointment.
“I am happy to join Sompo International this season. I see a great opportunity to further develop the underwriting function and contribute value to the business,” commented Ryan.
