PEMBROKE, Bermuda – February 11, 2019 – Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that the company’s wholly owned subsidiary A&A, S.r.l. (A&A), acquired in March 2018, is now able to operate as a multi-mandate insurance agency. A&A has been a leading broker in the Italian agriculture insurance market since 1996.
As an agent of Sompo International, A&A is now able to offer a wide range of agriculture products to Italian producers. SI Insurance (Europe), SA, Sompo International’s European subsidiary, will be the primary insurance carrier.
A&A is part of AgriSompo, Sompo International’s global agriculture platform, delivering innovative and coordinated risk management solutions tailored to local needs across the agri-business market. AgriSompo is developing additional capabilities by leveraging Sompo’s extensive agriculture insurance expertise and global presence.
Mr. Kris Lynn, Chairman of the AgriSompo Steering Committee, commented, “We continue to extend our AgriSompo platform, introducing new products and capabilities in key agriculture markets around the world. A&A’s extensive technical expertise and long-term relationships have provided Sompo International with significant presence in the Italian crop insurance market and we plan to further expand A&A’s role to provide additional value to our clients.”
Mr. Giovanni Giudici, Chairman of A&A, added, “A&A is committed to offering the same superior service and quality insurance coverage that our clients have come to depend on. Further, as an agency with the support of Sompo International’s AgriSompo platform, we plan to invest in infrastructure and technology which will enable us to introduce innovative new products and services.”
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About Sompo International
Sompo International Holdings Ltd. is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Through its operating subsidiaries, Sompo International writes agriculture, professional lines, property, marine, energy, casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk and specialty lines of reinsurance. Sompo International companies are wholly owned subsidiaries of Sompo Holdings, Inc., whose core business encompasses one of the largest property and casualty insurance groups in the Japanese domestic market. We maintain 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 our principal operating subsidiaries. Sompo International’s headquarters are located at Waterloo House, 100 Pitts Bay Road, Pembroke HM 08, Bermuda and its mailing address is Sompo International, Suite No. 784, No. 48 Par-la-Ville Road, Hamilton HM 11, Bermuda.
For more information about Sompo International, please visit www.sompo-intl.com.