Sompo International Announces Regulatory Approvals for European Commercial P&C Subsidiary

The company received the regulatory approvals from the Ministry of Finance of Luxembourg on March 27, 2018 to establish a new subsidiary, SI Insurance (Europe), SA (SIIE). The formation of SIIE, which will become operational later in 2018, provides the company with a well-capitalized underwriting platform to service its clients across the European Economic Area (EEA) after Brexit and a foundation for strategic expansion across Continental Europe.