Press Releases

Sompo expands operations in Switzerland with licence to write primary insurance

April 3, 2023

ZURICH, SWITZERLAND – 3 April 2023 – Sompo, a leading global provider of commercial and consumer property and casualty (re)insurance, today announced the expansion of its operations in Switzerland with the granting of a Swiss insurance branch licence to write primary insurance by the Swiss Financial Market Supervisory Authority (FINMA), effective immediately.


Ralph Brand, President Continental Europe Insurance for Sompo said, “This development marks an important milestone as we build up our Continental Europe regional insurance operation. With reinsurance operations established since 2008, and a team of more than 50 industry-leading reinsurance professionals based in Zurich, Sompo is already a recognised player in the Swiss market. The granting of a licence to write primary business elevates our presence further and allows us to better serve local clients and international businesses who will benefit from our strong global network, financial strength, broad product offering as well as excellent underwriting and claims capabilities.”


Julian James, Chief Executive Officer, Global Markets, Commercial P&C Insurance for Sompo added, “We have a long-term commitment to building our primary insurance operations in Switzerland and will strongly invest in our talent and capabilities to create the right solutions for our clients and brokers’ business needs in this market.”


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About Sompo

“Sompo” refers to Sompo International 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 International Holdings Ltd. is an indirect wholly owned subsidiary of Sompo Holdings, Inc. (“Sompo Holdings”). With more than 9,000 employees at Sompo, 75,000 employees total worldwide, entities in over 46 countries and over USD 38 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 & Poor’s on its principal operating subsidiaries. For more information about Sompo, follow us on LinkedIn or visit


Sompo Contacts

Cara Gallagher                                                      

EVP, Global Head of Marketing & Communications
Phone: + 1 917 421 4973
Email: [email protected]


Robyn Fonde                                                                          

VP, Global Head of Media, PR and Advertising
Phone: +1 914 426 0241
Email: [email protected]


Alexandra Brändli

AVP, Marketing & Communications, Europe
Phone: +41 44 213 25 14
Email: [email protected]



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