Sompo Forms Technology Industry Unit, Taps Carroll to Lead

June 12, 2020

Sompo International Holdings Ltd., a Bermuda-based specialty property/casualty insurer, has formed a new team offering products to the technology industry through its network of retail brokers.

This new unit will build on the Sompo International’s global insurance business that currently offers products to the technology sector through its Property, Casualty, Financial Lines and Specialty business units.

The new unit, part of Sompo Global Risk Solutions (GRS), will work through a network of retail brokers to offer general liability, commercial auto, workers’ compensation, as well as an integrated property and primary casualty and a lead umbrella product, to technology companies.

The Sompo GRS Technology team will be led by Michael Carroll, who recently joined Sompo GRS as a senior vice president, and who will also continue the development of the Sompo GRS Life Sciences Business. The unit will target large, middle market, and small technology organizations, including electronic manufacturers, IT service providers and integrators, software providers, technology hardware and storage companies, on-demand mobility electronics firms and government IT contractors.

Sompo International companies are wholly owned subsidiaries of Sompo Holdings, Inc.

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