06/06/2024 12:46 PM

KUALA LUMPUR, June 6 (Bernama) -- Sompo, a global commercial and consumer property and casualty (re)insurance provider, has appointed Thomas (Tom) Leone as Chief Investment Officer (CIO), effective Oct 1.

According to Sompo in a statement, Leone will report to the company’s Chief Financial Officer, Nicolas Burnet and will be based in the insurer’s Purchase, New York office.

Leone will take over from Mark Silverstein who has decided to retire from the role after more than 18 years with the business.

“Mark is leaving behind an exceptional legacy and I would like to thank him for his outstanding leadership and many contributions that built a market-leading investments function for Sompo.

“I am very pleased that his journey with our organisation does not end here. Instead, it transitions into a new phase where Mark has agreed to lead Sompo’s philanthropic efforts,” said Burnet.

Separately, Burnet said that the combination of Leone’s technical expertise, strategic vision and strong leadership skills made him the perfect fit for this role.

“I am confident Tom will further advance our investment strategy to ensure the continued financial success of our organisation,” he added.

Leone joins Sompo from PartnerRe, where he has worked for 11 years, most recently as CIO. His career in financial services spans over two decades and has since held roles in portfolio management and trading.

He holds a master’s degree in management from Rensselaer Polytechnic Institute in Hartford, Connecticut, United States.


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