Carter named CUO at Sompo GRS
David Carter has been appointed chief underwriting officer and executive vice-president of the Sompo Global Risk Solutions strategic business unit, reporting to Michael Chang.
The unit is part of Bermudian-based Sompo International Holdings, a specialty provider of property and casualty insurance and reinsurance.
Mr Carter will assume a strategic management role at GRS and will have oversight of underwriting strategies, new product innovation, and underwriting guidelines along with expense and profitability management.
In this role, David will leverage his experience to help Sompo GRS grow, introducing new and innovative products, and through the expansion of its network of retail brokers and agents across the US and Mexico.
Mr Carter brings with him more than 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 in National Property, First Party as well as their Middle Market group.
David then moved to the The Hartford for seven years where he was executive vice-president and head of its middle market division.
Most recently, David served as the chief insurance officer of DriveOn, an insurtech start-up.
In his new role, Mr Carter will report to Michael Chang, CEO of Sompo GRS.
Mr Chang said: “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.”
Sompo GRS offers comprehensive multi-line capabilities targeted to accounts in select industry verticals including real estate, hospitality, financial institutions, life sciences and professional services, in addition to Asian companies with operations in the US and Mexico, as well as global weather products.
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