Sompo International Launches Commercial P&C Subsidiary

Sompo International Holdings, the Bermuda based specialty provider of property and casualty insurance and reinsurance, announced the launch of its new subsidiary, SI Insurance (Europe), SA. SI Insurance is headquartered in Luxembourg with branches in Belgium, France, Germany, Italy, Spain and the United Kingdom.

SI Insurance will issue insurance policies and reinsurance treaties for new and renewal business in Continental Europe. European Economic Area policy issuance for multi-national insurance clients will continue to be serviced from London via the UK branch of SI Insurance. SI Insurance will also provide Sompo International with a foundation for additional strategic growth initiatives across Europe.

“We continue to focus on delivering exceptional service to our international clients in areas where we can differentiate Sompo based on our specialty capabilities. It is critical that we have an established local presence in key Continental European markets as we introduce additional underwriting teams and innovative products to this region.” – Chairman and CEO of Sompo International – John Carman.

“I am delighted to announce this exciting milestone which provides clear and timely definition of our post-Brexit capabilities for clients around the world. Our broker network can rest assured that they will have continued access to our full suite of Sompo International products and capabilities through their chosen channel of distribution.” – CEO of London Market & Europe Insurance at Sompo International, Graham Evans.

“Our clients and brokers across Continental Europe are reacting very positively to Sompo International’s commitment to the European market. With SI Insurance (Europe) beginning to operate well ahead of Brexit, we have a long-term solution in place to deliver consistently high quality service and uninterrupted capacity for clients across the European Economic Area.” – CEO of SI Insurance (Europe), Takashi Kurumisawa.