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Merit Tower 12222 Merit Drive Suite 950 Dallas, TX 75251 United States +1 972 349 4306 Bermuda-based P&C insurer and reinsurer, Sompo International Holdings Ltd., has announced that as part of its ongoing transformation, it plans to consolidate its London presence into a single company platform.The company states that the consolidation of its London presence into a one company market platform, will enable it to provide clients with efficient access to the best solutions and services.John Charman, Executive Chairman of the Board of Directors, Sompo International and Chief Executive Officer (CEO) of Overseas Insurance and Reinsurance business, Sompo Holdings, commented: “Our decision to focus our activities in London on a single company platform reflects the unique strength of Sompo’s global reach, brand, ratings and financial stability.“Having one single platform will allow us to continue to profitably grow our business and deliver superior value and solutions to our clients and distribution partners. Sompo International said all renewals and new business will be written from Endurance Worldwide Insurance Limited, as the Bermuda-based insurer consolidates its London presence into one company market platform.The move is part of Sompo International’s ongoing transformation.“Our decision to focus our activities in London on a single company platform reflects the unique strength of Sompo’s global reach, brand, ratings, and financial stability,” asserted John Charman, executive chairman of the Sompo International board and chief executive of overseas insurance and reinsurance business at Sompo Holdings.“Having one single platform will allow us to continue to profitably grow our business and deliver superior value and solutions to our clients and distribution partners.”Charman added that Sompo International’s rating is equivalent to Lloyd’s and that they can utilize that rating and their existing operation to be an “even more streamlined and efficient” risk solutions provider.Meanwhile international insurance chief executive Julian James noted: “Our ambition is to grow our London Market and European business significantly in the near term.“Sompo International is now recognised by our brokers and clients as a global leader with significant capability and excellent talent. Sompo International Insurance’s strength lies in our diverse specialty capabilities across products and in our global distribution network. You may opt-out of receiving cookies by changing your internet browser setting. Our Sompo International Insurance teams service clients from the largest multinationals to the smallest businesses through a diverse and global distribution network. Lauren Michele Nagle (Registration# 4780011) is an attorney registered with New York State, Office of Court Administration.
With Sompo International’s rating equivalent to Lloyd’s, we can utilize that rating and our existing operation to be an even more streamlined and efficient provider of risk solutions whilst maintaining a meaningful and diversified trading relationship with Lloyd’s in the years to come.”Julian James, CEO International Insurance, added: “Our ambition is to grow our London Market and European business significantly in the near term. The next registration is in May 2022. Sompo International currently employs over 1600 professionals worldwide, each bringing unique skills, talents and perspectives to the company. As a leading global provider of property and casualty insurance and reinsurance, we recognize that our success is derived directly from those who matter most– our people.As we continue to grow, we strive to find talented, innovative and creative professionals to join us. By continuing to use this website, you agree to our
IMPORTANT NOTICE [Dated: 02.04.2020] - Keeping You and us Safe. You may opt-out of receiving cookies by changing your internet browser setting.
Merit Tower 12222 Merit Drive Suite 950 Dallas, TX 75251 United States +1 972 349 4306 Bermuda-based P&C insurer and reinsurer, Sompo International Holdings Ltd., has announced that as part of its ongoing transformation, it plans to consolidate its London presence into a single company platform.The company states that the consolidation of its London presence into a one company market platform, will enable it to provide clients with efficient access to the best solutions and services.John Charman, Executive Chairman of the Board of Directors, Sompo International and Chief Executive Officer (CEO) of Overseas Insurance and Reinsurance business, Sompo Holdings, commented: “Our decision to focus our activities in London on a single company platform reflects the unique strength of Sompo’s global reach, brand, ratings and financial stability.“Having one single platform will allow us to continue to profitably grow our business and deliver superior value and solutions to our clients and distribution partners. Sompo International said all renewals and new business will be written from Endurance Worldwide Insurance Limited, as the Bermuda-based insurer consolidates its London presence into one company market platform.The move is part of Sompo International’s ongoing transformation.“Our decision to focus our activities in London on a single company platform reflects the unique strength of Sompo’s global reach, brand, ratings, and financial stability,” asserted John Charman, executive chairman of the Sompo International board and chief executive of overseas insurance and reinsurance business at Sompo Holdings.“Having one single platform will allow us to continue to profitably grow our business and deliver superior value and solutions to our clients and distribution partners.”Charman added that Sompo International’s rating is equivalent to Lloyd’s and that they can utilize that rating and their existing operation to be an “even more streamlined and efficient” risk solutions provider.Meanwhile international insurance chief executive Julian James noted: “Our ambition is to grow our London Market and European business significantly in the near term.“Sompo International is now recognised by our brokers and clients as a global leader with significant capability and excellent talent. Sompo International Insurance’s strength lies in our diverse specialty capabilities across products and in our global distribution network. You may opt-out of receiving cookies by changing your internet browser setting. Our Sompo International Insurance teams service clients from the largest multinationals to the smallest businesses through a diverse and global distribution network. Lauren Michele Nagle (Registration# 4780011) is an attorney registered with New York State, Office of Court Administration.
With Sompo International’s rating equivalent to Lloyd’s, we can utilize that rating and our existing operation to be an even more streamlined and efficient provider of risk solutions whilst maintaining a meaningful and diversified trading relationship with Lloyd’s in the years to come.”Julian James, CEO International Insurance, added: “Our ambition is to grow our London Market and European business significantly in the near term. The next registration is in May 2022. Sompo International currently employs over 1600 professionals worldwide, each bringing unique skills, talents and perspectives to the company. As a leading global provider of property and casualty insurance and reinsurance, we recognize that our success is derived directly from those who matter most– our people.As we continue to grow, we strive to find talented, innovative and creative professionals to join us. By continuing to use this website, you agree to our
IMPORTANT NOTICE [Dated: 02.04.2020] - Keeping You and us Safe. You may opt-out of receiving cookies by changing your internet browser setting.