Following weaker bottom-line results in FY2025, the South Korean insurer posted net income growth of KRW635.2bn (US$426.1m) in the first quarter, supported by higher sales.
Morley, Aspen’s former APAC head, will lead Sompo’s London reinsurance team and support its international growth strategy following Sompo's acquisition of Aspen.
The insurer's combined ratio is expected to fall this year from 101.4% in 2025 as a result of ongoing regulatory constraints on commissions and efficiency measures.
