Mr. Leone joins Sompo from PartnerRe, where he has worked for 11 years, most recently as Chief Investment Officer.
Sompo, PEMBROKE, Bermuda, June 2024: Sompo, a leading global provider of commercial and consumer property and casualty (re)insurance, today announced the appointment of Thomas (Tom) Leone as Chief Investment Officer, effective October 1, 2024. Mr. Leone will report to Nicolas Burnet, Chief Financial Officer for Sompo, and will be based in the insurer’s Purchase, NY, office.
Mr. Leone joins Sompo from PartnerRe, where he has worked for 11 years, most recently as Chief Investment Officer. He began his career in financial services more than 20 years ago and has since held roles in portfolio management and trading. Mr. Leone holds a master’s degree in management from Rensselaer Polytechnic Institute in Hartford, CT, United States.
Mr. Burnet said, “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. I am confident Tom will further advance our investment strategy to ensure the continued financial success of our organization.”
Mr. Leone will take over from Mark Silverstein, who has decided to retire from the role after more than 18 years with the business.
Mr. Burnet said: “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 investment function for Sompo. I am very pleased that his journey with our organization does not end here. Instead, it transitions into a new phase where Mark has agreed to lead Sompo’s philanthropic efforts.”
Also read: Unveiling the Ethical Imperatives: Navigating the Intersection of AI and Cybersecurity
Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter
About us:
CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK.
CIO News is a proprietary of Mercadeo Multiventures Pvt Ltd.
