Sompo taps Chubb veteran for life sciences role

Sompo taps Chubb veteran for life sciences role | Insurance Business

Sompo taps Chubb veteran for life sciences role

Sompo International Holdings has announced the appointment of Michael P. Carroll as senior vice president and deputy head of life sciences for Sompo Global Risk Solutions (GRS). He will report to Lisa Davis, executive vice president of Sompo GRS.

In his new role, Carroll will be responsible for driving the continued development of the company’s life sciences platform. Carroll has more than 30 years of technical underwriting experience. Prior to joining Sompo GRS, Carroll served at Chubb, including spending 19 years building and leading underwriting practices focused on serving the biotechnology and life sciences industries.

“Whether through the introduction of new products and services or adding new talent to our team, we continue to expand our capabilities to further differentiate our life sciences vertical in the marketplace,” Davis said. “Michael’s deep industry expertise and technical underwriting experience will play a critical role in further enhancing our ability to anticipate and meet the risk management needs of our clients. We are excited to have him be a part of the Sompo GRS life sciences team.”

“Michael’s extensive industry knowledge and leadership experience will accelerate the profitable growth and expansion of our life sciences industry vertical,” said Michael Chang, CEO of Sompo GRS. “His proven track record in leading and growing client-focused underwriting teams in this space will enable us to offer our innovative underwriting approach and white-glove service model to even more life sciences clients. We are thrilled to welcome him to the Sompo GRS team.”