Multinational
Leveraging an extensive global network, country level expertise, innovation and technology
Sompo’s Multinational Business Unit offers companies with business operations in multiple countries an industry-leading platform for managing risk. Leveraging licensing capabilities from Sompo companies around the world and a growing network of third-party partners, our Multinational platform offers a convenient, consistent approach to accessing global coverage that is compliant with local regulations in 150 countries.
Sompo defines multinational business as meeting the risk management needs of clients who must manage the transfer of risk or premium dollars and claims payments across country borders. Typically, this includes the following business profiles:
With hubs in the U.S., Europe, UK, Mexico, Singapore and Japan, our integrated global Multinational platform makes it easier for clients with global operations to access the commercial property and casualty coverage they need through a single point of contact.
EVP, Multinational Leader
Brian Grabek is the Executive Vice President, Multinational Insurance for Sompo, leading the firm’s multinational platform. In addition to building out an insurance network that clients can seamlessly access, he is responsible for developing common processes and an internal structure. Prior to joining Sompo in January 2021, Mr. Grabek held several senior positions within the industry, most recently as COO, Multinational with a leading insurance carrier. Earlier in his carrier, he held various roles within distribution, customer service and Small Business and Large Casualty program underwriting. Brian holds a bachelor’s degree in Accounting from the University of Rhode Island.
VP, Multinational Producing Office Manager
Cindy Bai is Sompo’s Multinational Producing Office Manager. With 24 years of experience in the insurance industry, specialising in multinational business, Cindy joined Sompo UK in January 2024. She is responsible for growing Sompo’s Multinational UK produced business through managing the UK Producing office team, promoting its Multinational value proposition and executing global programmes through a client-centric approach and Sompo’s technology-enabled multinational platform.
Head of Multinational, Insurance, Iberia
Luis Barbosa joined Sompo in September 2023 as AVP Multinational Europe based in Madrid. He is responsible for managing, developing, and executing Sompo’s Multinational business in Iberia, France, and Italy. Before joining Sompo, Luis held several positions in Operations and Multinational at a Spanish branch of a leading insurance carrier. He has more than 10 years of experience in Multinational, most recently as a Multinational/Operations Team Lead for Casualty, Environmental and Financial Lines. Earlier in his career Luis worked on the banking sector. Luis has a degree in Management and Administration by the University of Minho – Portugal. He speaks Portuguese, Spanish and English.
SVP, Global Head of Multinational Insurance, Claims
Paul Burgess is responsible for developing, promoting and monitoring the implementation of claims policies and practices globally. He has more than 30 years of experience in insurance claims handling and policy implementation in the Lloyd’s and London markets, starting his career as a claims technician at a Lloyd’s syndicate. Paul has held various global leadership positions in insurance and reinsurance at The Excess Insurance Company and RSA. He is a former Chairman of the British Aviation Insurance Company, a member of the IUA Claims Strategy Committee, as well as a committee member of ARIAS UK.
Head of Multinational Transformation
Jason Funnell joined Sompo in November 2023 as Head of Multinational Transformation. Based in London but with a global focus, he is responsible for driving our continued development and enhancement of our Multinational operating model and servicing initiatives across the Sompo group. An experienced leader with over 30 years’ experience in the insurance industry, Jason specializes in Multinational business, focusing on client service and operational excellence. Jason has an extensive background in designing, leading, and implementing change initiatives. These have included creating new teams across multiple geographies, integrating new technologies and establishing best practices.
SVP, Head of Multinational Insurance Asia
Fernando Gonzalez is Senior Vice President, Multinational Insurance, responsible for managing Sompo’s global fronting network. Prior to joining Sompo in 2011, Fernando held executive positions at Yasuda Fire & Marine, AIG, Marsh, and Aon. His 20+ years of experience has allowed him to acquire global knowledge in various areas of the insurance industry, such as underwriting, global programs, client and distribution channel management, captive management, organic and non-organic initiatives, claims, and reinsurance. Fernando holds a Bachelor of Science degree in Engineering from the IPN (National Polytechnic Institute of Mexico), as well as a Master of Business Administration from the Ibero-American University of Mexico.
Head of Multinational Insurance EMEA
Matt Hoare is Sompo’s Head of Multinational Insurance for Europe, the Middle East, and Africa (EMEA.) He is responsible for designing and delivering client-centric multinational insurance solutions in a timely, simplified way, across Sompo’s full suite of products. Prior to joining Sompo in 2022, Matt held various positions with global carriers, most recently as Head of Multinational, Middle East and Africa for AIG.
SVP, Multinational
Chris Pickering is Senior Vice President, Multinational. Her over 34 years of industry experience covers all aspects of insurance company operations including underwriting, marketing, compliance, product development and pricing, contracts, admitted filings and the oversight and audit of at-risk and fronted books of business. Chris has also been responsible for U.S. personal product lines oversight and book management, and the operationalization of corporate M&A transactions. She holds a Bachelor of Science degree in Geology from the University of South Florida in addition to the Chartered Property & Casualty Underwriting designation.
Sompo’s multinational partner network enabled the implementation of a global excess D&O program for one of the world's largest retailers.
arrow_right_altSompo’s multinational partner network enabled the implementation of a global excess D&O program for one of the world's largest retailers.
One of the world’s largest retailers needed a multinational insurance carrier who could administer a global excess Directors & Officers program through Canada. Compliance with local regulations would be especially challenging and important given that Excess D&O is not typically written on a global basis.
After carefully assessing the client’s needs, Sompo’s Financial Lines underwriter joined with our Multinational team to create a solution to meet the client’s global insurance needs, with a focus on local market compliance and effective communication to simplify the process for the retailer and its broker partner. Leveraging resources available through our handpicked partner network, Sompo’s team tailored a custom master program with local policies to provide the retailer with consistent, compliant Excess D&O coverage in 9 countries.
From start to finish, the team took care to guide the broker and client throughout the process of rolling out a program to meet the retailer’s complex needs.
Robert Thom, VP of Financial Lines attests:
“This was a great team win that showcased our multinational capabilities on a flagship account for a trusted trading partner. The team delivered by taking a collaborative, white-glove approach to managing and servicing the client. This is a true differentiator for Sompo.”
Key contacts:
Robert Thom, VP, Financial Lines Insurance, [email protected]
Eva Dipoce, AVP, Multinational Client Executive – Canada, [email protected]
Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo 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. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.
Service and collaboration helped Sompo unseat incumbent carrier of multiline multinational program.
arrow_right_altService and collaboration helped Sompo unseat incumbent carrier of multiline multinational program.
When a manufacturer of semi-conductors and technology components was dissatisfied with its carrier’s servicing and handling of a cargo claim, their broker turned to Sompo as a potential replacement.
Sompo’s Middle Market and Multinational teams worked closely with the broker to gain a deep understanding of the client’s needs and quickly develop a proposed solution. The fast responsive service and collaboration between the broker and our underwriting and Multinational teams resulted in a customized property and casualty insurance solution to meet the clients’ needs in five countries.
Middle Market Underwriter Blair Ketner notes:
“The synergy between the broker and our underwriting and Multinational teams played a crucial role in gaining this client’s trust. Sompo’s commitment to providing outstanding service at all stages of our relationship with the client and broker also helped to distinguish us in a competitive market.”
Key contacts:
Blair Ketner, Underwriter, Middle Market, [email protected]
Jo Seung, AVP, Multinational Client Executive [email protected]
Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo 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. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.
Sompo helps global machinery company implement local ocean marine policies in multiple countries despite client’s long-term relations with incumbent insurer.
arrow_right_altSompo helps global machinery company implement local ocean marine policies in multiple countries despite client’s long-term relations with incumbent insurer.
After reassessing its coverage needs, a global machinery company needed to implement local policies in multiple countries for the first time – a process that led them to look beyond their long-time insurance provider for a viable solution.
The machinery company’s broker compiled a short list of potential new insurance providers with Multinational Ocean Marine experience for the client’s consideration, including Sompo. Sompo’s underwriting and Multinational teams collaborated to propose a comprehensive global insurance solution tailored to the client’s exposures worldwide. After a competitive bid and review process, Sompo was chosen because of our Multinational capabilities, understanding of the client’s business and responsive service.
Middle Market Underwriter Blair Ketner notes:
“Having an in-house Multinational team is a market differentiator that separates Sompo from our competitors. The ability to execute and manage local policies is a significant advantage. It will substantially benefit our business unit and bolster Sompo’s standing in the Ocean Marine insurance market.”
Key contacts:
Jeremy Shuskus, AVP, U.S. Ocean Marine Insurance, [email protected]
Helene Harper, Multinational Client Coordinator, [email protected]
Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo 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. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.
Sompo’s approach simplifies the multinational placement process for broker and leads to marine cargo program in three countries.
arrow_right_altSompo’s approach simplifies the multinational placement process for broker and leads to marine cargo program in three countries.
A global electronics manufacturer was looking for Marine insurance in three countries. However, the company’s broker did not specialize in this line of business, which presented several unique challenges during the placement process.
Sompo’s Ocean Marine Underwriting and Multinational Client Service teams tailored a master program with local policies to simplify the process for both the broker and client. Their effective communication and collaboration resulted in Sompo securing the client’s multinational Marine program along with additional Property, Casualty, and Financial Lines business from the electronics manufacturer.
Jenna Shea, Underwriter, Ocean Marine notes:
“The convenience of having an in-house Multinational client coordinator designated to Ocean Marine business made the process of acquiring a local quote in the UK seamless. This case is a great example of Sompo’s Multinational capabilities are helping to make our Ocean Marine team stand out in the market.”
Jenna Shea, Underwriter, U.S. Ocean Marine Insurance, [email protected]
Helene Harper, Multinational Client Coordinator, [email protected]
Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo 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. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.
A global food processing company balances and navigates the complexities of local government, local crop producers and international business requirements by leveraging Sompo’s Multinational network to find a fully compliant...
arrow_right_altA global food processing company balances and navigates the complexities of local government, local crop producers and international business requirements by leveraging Sompo’s Multinational network to find a fully compliant international crop insurance solution.
The Chilean subsidiary of a Portugal-based global tomato processing company needed a local policy that would meet the requirements of the local government-owned crop insurance entity, their own internal risk management standards, and the needs of more than 200 tomato producers.
Underwriters from AgriSompo, Sompo’s agriculture risk management unit, teamed up with Sompo’s Multinational Business specialists to help the client balance and navigate the complexities of local government, local crop producer needs, and international insurance placements to develop and implement a solution.
Manny Odzakovic, SVP, Senior Underwriter, AgriSompo Bermuda, explains:
“Placing crop insurance often involves working closely with local governments to meet a client’s needs. As a result, it’s important that the AgriSompo team is knowledgeable about how local market subsidies and regulations work when tailoring a crop insurance solution. However, this can be extremely challenging when structuring a program where the client is based in one country and the crop-producing farmers they’re looking to protect are in another. Working with our Multinational team, we were able to seamlessly navigate these complexities in Chile and develop a fully compliant solution to meet the risk management needs of local farmers on behalf of our Portugal-based client.”
A Japanese gas production company in need of a global cyber insurance program puts the promise of Sompo’s integrated global platform to the test.
arrow_right_altA Japanese gas production company in need of a global cyber insurance program puts the promise of Sompo’s integrated global platform to the test.
The CFO of a gas production company based in Japan needed to quickly and effectively implement a controlled master cyber program in 9 countries, including the U.S., UK and across Continental Europe.
The timely and seamless global collaboration between underwriters, issuing offices and Multinational team members in the U.S., Japan and EMEA, resulted in a new multi-country cyber controlled master program and an expanded relationship with the Sompo Japan client.
The Sompo Japan Underwriter explains how a unified “one Sompo” approach between colleagues from Sompo Japan and Sompo won the client’s trust, and in the process, an expanded relationship:
“The key contributor to this success was our ability to respond to the client’s request in a timely manner. We also had strong support from our leadership and, the assistance of Sompo’s Multinational Business team and Issuing Offices. The client’s CFO, who is the decision maker for this business, was satisfied with the quick response. This success underscores the importance of delivering supports and services to clients as “one Sompo” through our Multinational platform. Utilizing its collaborative approach, we can help develop client relationships to drive and accelerate our growth.”
Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo 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. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.
When a U.S. manufacturer struggled to mitigate risks at its Mexico location, Sompo’s Risk Control and Multinational specialists helped them implement a plan to manage their exposures – an approach...
arrow_right_altWhen a U.S. manufacturer struggled to mitigate risks at its Mexico location, Sompo’s Risk Control and Multinational specialists helped them implement a plan to manage their exposures – an approach ultimately implemented in additional markets.
A large U.S. furniture retailer client had difficulty managing exposures at its Mexico manufacturing plant.
Sompo’s Risk Control experts, working in conjunction with outside engineers and in-house facilities managers, assessed the client’s Mexico factory and developed a tailored strategy for mitigating risks at the location. Following the guidance from Sompo’s Commercial Property engineering team, the client invested in implementing the recommended loss prevention strategies at its Mexico factory. After completing the renovations, the client expanded its relationship with Sompo to include a customized commercial property solution for its factories in Canada, Mexico, and the U.S. The Property team worked closely with the Multinational team in Mexico and the US to successfully implement the enhanced global program.
Mark Baroni, SVP, U.S. Commercial Property, observed:
“At Sompo, our Risk Control and Claims specialists are an integral part of the Underwriting process. They monitor emerging trends and risks to help us tailor customized risk management solutions to meet each client’s unique needs. In this case, the value-added advice and expertise of our risk control engineers enabled our client to minimize their loss potential and stay ahead of the unexpected at their Mexico location, which ultimately led to them expanding their relationship with us to include locations in two additional countries.”
Key Contacts:
Mark Baroni
SVP, U.S. Commercial Property
Taslima Lazarus
AVP, Multinational Client Executive
Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo 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. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.
A Germany-based client faced with a tight deadline for securing EPLI coverage for its U.S. operation finds a tailored solution with the help of our Professional Lines and Multinational teams...
arrow_right_altA Germany-based client faced with a tight deadline for securing EPLI coverage for its U.S. operation finds a tailored solution with the help of our Professional Lines and Multinational teams – in under 6 days!
The professional lines underwriting team in Germany faced a short turnaround time until inception date. This was exacerbated by an 80% premium cession to the U.S. and the intricate nature of the invoicing procedures in the U.S., which deviated from standard protocols.
Quick response times and support from all stakeholders involved proved that local policies could be issued in less than a week. The solution reflected a concerted effort and the seamless collaboration between several Sompo offices, including the U.S. producing office and the Germany underwriting team.
VP Head of Professional Lines Insurance Germany, Annette Wolf, attests:
“The swift support of our U.S. colleagues and Multinational Team, in terms of the risk review, premium calculation for the U.S. exposure and Multinational program handling was essential to our ability to develop a tailored solution to meet the needs of this for this client in less than 6 days.”
Annette Wolf
VP, Germany & Austria, Head of Professional Lines Insurance
Matt Hoare
SVP, Multinational for EMEA
Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo 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. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.
A broker faced with a complex Ocean Marine risk finds a tailored solution to address a client’s needs in multiple countries through the nimble response of our Multinational team.
arrow_right_altA broker faced with a complex Ocean Marine risk finds a tailored solution to address a client’s needs in multiple countries through the nimble response of our Multinational team.
The broker was looking for local placements in Mexico and the UK with a turnaround time of two weeks. Additionally, last-minute changes to the Exhibition Limit needed to be made.
The Ocean Marine Insurance team approached the Multinational team with the prospect of securing the new client under challenging conditions. In Mexico and the UK, the Multinational team managed to achieve a quick turnaround time and impressed the broker with its proposed solution. At the last minute, the broker requested a change in the Exhibition Limit and our teams worked collectively to seamlessly implement the changes in the local policies.
Senior Underwriter for U.S. Ocean Marine, Robert Sinnott, confirms:
“This client ships ink and printing equipment, with a profile that fits our roisk appetite. Up until a few years ago, we wouldn’t have been able to compete due to the local placements. Now, thanks to our Multinational Team, we can compete with other carriers in these spaces. Ultimately, their hard work and expertise in this field won us the account. The speed at which they adapted to last minute change requests by brokers, showcased their prowess. With wins like these and the market expertise we have, we are getting on the radar of more and more brokers and they are coming to us as first options.”
Key Contact:
Robert Sinnott
Senior Underwriter, U.S. Ocean Marine
Helene Harper
Multinational Client Coordinator
Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo 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. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.
A Japan-based semiconductor manufacturer turned to Sompo for a multinational insurance solution despite its long-standing relationship with another carrier thanks to Sompo’s customized approach to service and ability to enhance...
arrow_right_altA Japan-based semiconductor manufacturer turned to Sompo for a multinational insurance solution despite its long-standing relationship with another carrier thanks to Sompo’s customized approach to service and ability to enhance the client’s risk management program.
In developing a tailored solution to meet the needs of a Japan-based tech manufacturer, Sompo faced a formidable challenge from a competitor with the advantage of a pre-existing shareholding relationship with the client.
Driven by a collaborative effort between its global underwriting and multinational teams, Sompo implemented a strategic initiative to foster a long-term relationship with the client, including a series of tailored recommendations for helping the client to optimize its various risk management programs. By demonstrating Sompo’s commitment to focusing on the manufacturer’s specific needs and providing efficient and supportive service throughout the proposal process, the Sompo team successfully earned the client’s trust and business.
Manabu Hirasuka, VP, Tokyo Office observes:
“In this case, Sompo took a strategic approach to building a long-term relationship with the client by offering custom-tailored proposals that would improve the overall risk management program. We successfully gained the client’s trust thanks to the close collaboration between our team in Tokyo and our global multinational unit.”
Manabu Hirasuka
VP, Tokyo Office
Fernando Gonzalez
SVP, Multinational
Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo 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. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.
A Japan-based logistics company was looking for coverage in over 25 countries. Utilizing a collaborate approach combining global experience and local market expertise, Sompo developed a solution that closed gaps...
arrow_right_altA Japan-based logistics company was looking for coverage in over 25 countries. Utilizing a collaborate approach combining global experience and local market expertise, Sompo developed a solution that closed gaps in the client’s existing coverage to differentiate itself in a competitive landscape.
In the face of intense competition and a complex set of requirements specified by a global logistics company, Sompo needed to quickly demonstrate its expertise and value in order to distinguish itself as a preferable insurer.
The Sompo Japan and Multinational teams worked together to utilize a combination of global experience and local expertise to develop a customized solution to identify and address the client’s complex risk management challenges in 26 countries across Europe, Africa, North America and Asia – including the identification of local market exposures overlooked in the logistics firm’s existing insurance program.
Manabu Hirasuka, VP, Tokyo Office notes:
“By focusing on the client’s needs and leveraging our expertise to close gaps in their cyber insurance portfolio, Sompo developed a risk management program that satisfied the client’s needs while earning their trust. In addition to giving us the ability to make it easier for clients with complex insurance needs to access responsive insurance products and services in markets around the world, our collaboration with the multinational team helps to further differentiate Sompo in an increasingly competitive landscape.”
Contacts:
Manabu Hirasuka
VP, Tokyo Office
Fernando Gonzalez
SVP, Multinational
[email protected]
Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo 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. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.
After an initial unsuccessful bidding process, Sompo leveraged its second chance and deep understanding of the client’s risk management needs to develop a customized cyber solution to successfully meet the...
arrow_right_altAfter an initial unsuccessful bidding process, Sompo leveraged its second chance and deep understanding of the client’s risk management needs to develop a customized cyber solution to successfully meet the needs of a Japan-based oils manufacturer.
After being unsuccessful in a previous bidding process, Sompo had another opportunity to win the client.
The Sompo team relied on its global cyber capabilities and knowledge of the local markets where the oil manufacturer needed insurance to tailor a program to meet the client’s specifications. An unwavering focus to understand the client’s exposures in local markets around the world and make it easier to access a consistent approach to accessing the products and services needed was key to earning the client’s confidence in Sompo’s solution.
Manabu Hirasuka, VP, Tokyo Office explains:
“One of Sompo’s greatest strengths lies in our ability to deeply understand each client’s needs and develop accessible and effective solutions to meet them. By focusing on building a relationship with this client and helping them gain confidence in their protection against cyber incidents, Sompo secured the client’s satisfaction with our overall approach and recommended solution and, in the process, earned their trust.”
Contacts:
Manabu Hirasuka
VP, Tokyo Office
Fernando Gonzalez
SVP, Multinational
[email protected]
Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo 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. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.
A Japan-based automotive manufacturer with a tight deadline in need of coverage in multiple countries turned to Sompo for a customized cyber insurance solution in 9 countries.
arrow_right_altA Japan-based automotive manufacturer with a tight deadline in need of coverage in multiple countries turned to Sompo for a customized cyber insurance solution in 9 countries.
In response to a change in their capital structure, a global automotive manufacturer offered Sompo an opportunity to develop and deliver risk management program in 9 countries across North America, South America, Europe, the UK and Asia.
By attentively listening to the client, Sompo developed a deep understanding of the client’s needs and program requirements. Our team in Tokyo worked closely with our multinational specialists around the world to develop a tailored solution for the client’s global exposures.
Manabu Hirasuka, VP, Tokyo Office observed:
“This win provides an excellent example of Sompo’s inherent strength—the precise identification of clients’ needs—and the multinational team’s proficiency in swiftly implementing and proposing tailored programs by harnessing global resources to address local exposures. Our ability to collaborate efficiently and globally is key to our approach to developing tailored solutions to meet each client’s specific needs. It also helps to differentiate Sompo for our clients and brokers.”
Contacts:
Manabu Hirasuka
VP, Tokyo Office
Fernando Gonzalez
SVP, Multinational
[email protected]
Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo 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. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.
A Canada-based real estate proprietor needed locally compliant Insurance for three expansive and unique shopping centers in North America. Given the scarcity of the market options, they turned to Sompo...
arrow_right_altA Canada-based real estate proprietor needed locally compliant Insurance for three expansive and unique shopping centers in North America. Given the scarcity of the market options, they turned to Sompo for help.
A Canada-based real estate proprietor needed locally compliant Insurance for three expansive shopping centers in North America. In addition to serving as traditional retail havens, all three properties are entertainment hubs offering a broad range of attractions. These unique requirements necessitated a customized property insurance solution.
Sompo’s Canada-based underwriting team collaborated closely with the Toronto-based broker and our Multinational team to secure a strategic share of the substantial property risk in Canada and to meet local regulatory requirements for the two properties located in the United States.
John Hua, VP, Commercial Property Canada observes:
“The broker sought an alternative to the incumbent; however, the scarcity of market options posed a challenge. They turned to Sompo to find a match for the unique requirements, and ultimately, our Multinational Team’s expertise in issuing U.S. admitted paper enabled us to replace the incumbent carrier.”
Key Contacts:
John Hua, VP, Commercial Property Canada, [email protected]
Eva Dipoce, AVP, Multinational Client Executive, [email protected]
Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo 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. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.