Sompo International Holdings has appointed David Carter as chief underwriting officer and executive vice president of its Sompo Global Risk Solutions (GRS) strategic business unit.
As a key member of the Sompo GRS senior leadership team, 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. Additionally, he will help Sompo GRS continue its growth trajectory through the expansion of the firm’s network of retail brokers and agents across the US and Mexico.
“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,” said Michael Chang, chief executive officer of Sompo GRS. “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 organisation.”
Carter has over 30 years of experience in the industry, specialising 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. He then moved to The Hartford Insurance Company where he was executive vice president and head of its middle market division.