Sompo Global Risk Solutions Forms Small Business Team in U.S., Mexico

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has formed a new Sompo Global Risk Solutions (GRS) team offering insurance products to smaller businesses in the U.S. and Mexico, including its industry vertical and Asian interest accounts.

The creation of the Sompo GRS Small Business team expands the company’s risk appetite to include smaller companies in the real estate, hospitality, financial institutions, professional services and life sciences industries. The team will offer a full suite of coverages, including package, property, auto, general liability, workers’ compensation, umbrella and environmental.

Sompo GRS works through a network of retail brokers to offer comprehensive multi-line capabilities through cross-disciplinary teams of underwriting, claims and risk control specialists focused on select industry verticals. Sompo GRS also serves Asian clients with operations in the United States and Mexico.

Matt Burns, senior vice president, Middle Market Leader for Sompo GRS, will take on the additional responsibility of having oversight of the Small Business team. Marnie Shore, vice president, will lead the development of the Sompo GRS Small Business platform and co-lead the team’s distribution efforts along with Roberto Robles, vice president, Business Development.

Through its operating subsidiaries, Sompo International writes agriculture, professional lines, property, marine and energy, and 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.

Topics Commercial Lines Business Insurance Property Mexico