Bermuda property and casualty (P&C) insurer and reinsurer, Sompo International Holdings Ltd., has announced that Sompo Global Risks Solutions (GRS) has expanded with a new team offering solutions to smaller businesses in the U.S. and Mexico, including the firm’s industry vertical and Asian interest accounts.
The newly created Sompo GRS Small Business team expands the firm’s risk appetite to include smaller companies in the real estate, hospitality, financial institutions, professional services and life sciences.
Sompo explains that the team will offer a full suite of coverages, which includes package, property, auto, general liability, workers’ compensation, umbrella and environmental.
The team will work through a network of retail brokers to offer comprehensive multi-line capabilities via cross-disciplinary teams of underwriting, claims and risk control specialists focused on select industry verticals.
Senior Vice President (SVP), Middle Market Leader for Sompo GRS, Matt Burns, will oversee the new team, while Marnie Shore, Vice President (VP), will lead the development of the team’s business platform and co-lead the team’s distribution efforts, alongside VP of Business Development, Roberto Robles.
Burns said: “The formation of the Sompo GRS Small Business team is a logical extension of our focus on serving large and middle market companies across the industry verticals and customer segments we target. We are excited that Marnie and Roberto have stepped up to drive the effort to extend our holistic approach to client relationships to this fast-growing market segment which we broadly define as companies with less than $100,000 in total account premium.”
Michael Chang, Chief Executive Officer (CEO) of Sompo GRS, added: “At Sompo GRS, we understand that smaller companies face a unique set of risks that can change as their business evolves.
“With the launch of our Small Business platform, we are uniquely positioned to serve smaller companies in an efficient manner while still providing a tailored set of customizable risk management solutions as their risk profile evolves with the growth of their business over time.”