The rating agency expects margins to weaken in 2026 as abundant capacity and softer rates erode underwriting profitability, though capitalisation will remain strong.
The review follows parent company Sompo Holdings' US$3.5bn bid to acquire Aspen Insurance, with potential benefits for Sompo Japan's global footprint and specialty (re)insurance profile.
Ljubisavljevic brings 16 years of marine insurance experience, including senior roles in underwriting, maritime law, and leading a marine shipping department in Singapore.