Property and causality reinsurance provider Sompo International Holdings announced last Wednesday that it has appointed Thomas Leone as chief investment officer, effective October 1. Leone will succeed Mark Silverstein, who will retire later this year after 18 years at the firm.
“I am excited to welcome Tom to Sompo. The combination of his technical expertise, strategic vision and strong leadership skills makes him the perfect fit for this role,” said Nicolas Burnet, chief financial officer of Sompo, in a press release. “I am confident Tom will further advance our investment strategy to ensure the continued financial success of our organization.” Leone will report to Burnet.
Sompo holds $108 billion in total assets on its balance sheet and has $28 billion in net premiums and $35 billion in gross premiums written. The firm operates in 25 countries and offers commercial and consumer P&C reinsurance.
Leone is currently CIO of insurance provider PartnerRe, a role he has held since 2021. He was previously a portfolio manager and the head of public fixed income at the firm. Prior to this, he was a derivatives trader at Genworth Financial and a senior project manager and senior software engineer at Fidelity Investments.
Leone holds a bachelor’s degree in finance and computer information systems and a master of science in management from Rensselaer Polytechnic Institute. He is also a chartered financial analyst charter holder.
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Tags: CIO, insurance, Mark Silverstein, Nicolas Burnet, Property & Casualty Insurance, reinsurance, Sompo, Thomas Leone