LONDON – January 18, 2023 – Sompo, a leading global provider of commercial and consumer property and casualty (re)insurance, today announced the opening of a new office in Birmingham, England, its first in the UK outside of London. The office is located at The Colmore Building in the Colmore Business District, the city’s main business area, and will be led by Matt Cullen, VP Retail Property and Kevin Green, VP Retail Casualty.
Richard Brown, Head of Property Retail, Global Markets said: “This is a significant step forwards in creating a local presence outside of London and the latest stage in the growth of our UK regional portfolio. Initially our focus will be on writing property & casualty business, but with the potential for more lines to be added as the office grows.
“Having greater proximity to our clients and brokers in the UK regions will enhance our ability to understand their needs and deliver them the right solutions. They will have access to autonomous, empowered local underwriters with direct knowledge and experience of the markets they operate in.
“Working predominantly through international broking offices based in Birmingham, Manchester, Leeds, Glasgow and Bristol – as well as the largest independent brokers – we will target UK domiciled mono-national and multinational clients with turnover in excess of £100m in sectors including manufacturing, leisure & hospitality, retail, infrastructure and transport.”
“Sompo” refers to Sompo Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries. Through its operating subsidiaries, Sompo is a leading global provider of commercial and consumer property and casualty (re)insurance. Sompo Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc. (“Sompo Holdings”). With approximately 10,000 employees at Sompo, 75,000 employees total worldwide, entities in over 29 countries and over $36 billion in Gross Written Premiums, Sompo Holdings is one of the leading property and casualty insurance groups in the world. Sompo Holdings maintains excellent financial strength as evidenced by the ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard and Poor’s on its principal operating subsidiaries. For more information about Sompo, follow us on LinkedIn or please visit www.sompo-intl.com.
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