Sompo Int’l Forms Agricultural Insurance Partnership with Portuguese MGA ATLAS

April 22, 2020

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that its global agriculture platform, AgriSompo, has entered into a partnership with Portuguese managing general agent ATLAS Segurmina, to offer innovative crop insurance solutions to the agricultural sector in Portugal.

AgriSompo said it combines extensive technical expertise and global capabilities to deliver insurance and reinsurance solutions to meet the needs of agri-businesses in key markets around the world. Lisbon, Portugal-headquartered ATLAS has deep crop insurance expertise and strong ties to the Portuguese and EU crop market, said Sompo in a statement.

AgriSompo will partner with ATLAS initially to offer a variety of traditional crop insurance products and will expand into new products and coverages to help address the evolving needs of farming operations in Portugal.

“In addition to increasing AgriSompo’s presence in key agriculture markets worldwide, this new partnership will enable us to introduce innovative agriculture products and technologies tailored to this region,” commented Kris Lynn, chairman, AgriSompo, and senior vice president, Global Agriculture, Sompo International.

“By combining Sompo International’s experience developing leading-edge crop insurance products with ATLAS’ strong network and reputation in the Portuguese crop market, we will deliver meaningful solutions that address the evolving insurance needs of these clients,” Lynn said.

“Sompo International’s extensive agriculture insurance capabilities and breadth of products, will enable ATLAS to provide enhanced risk solutions to the Portuguese agriculture community,” said Frederico Bernardino, chief executive officer, ATLAS.

AgriSompo is global integrated underwriting, technology and distribution platform delivering both traditional and innovative insurance, reinsurance and financial products to agriculture partners worldwide, explained the company.

ATLAS is a leading agricultural sector Managing General Agent, headquartered in Lisbon, Portugal, focused on delivering traditional and progressive insurance solutions to crop farmers in the evolving Portuguese agriculture market. ATLAS is committed to, and continues to, build out its suite of product offerings to meet the needs of Portuguese agribusinesses.

Source: Sompo International Holdings Ltd.

Topics Mergers Agribusiness Insurance Wholesale

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