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Sompo International’s Italian agriculture unit transitions to insurance agency

14th February 2019 - Author: Matt Sheehan

Sompo International Holdings, the Bermuda-based specialty provider of property and casualty insurance and reinsurance, has announced that its wholly owned subsidiary, A&A S.r.l, is now able to operate as a multi-mandate insurance agency.

SompoA&A, which was acquired by Sompo in March 2018, has operated as a broker in the Italian agriculture insurance market since 1996.

As an agent of Sompo International, A&A is now able to offer a wide range of agriculture products to Italian producers, with Sompo’s European subsidiary SI Insurance (Europe), SA acting as the primary insurance carrier.

A&A is part of Sompo International’s global agriculture platform, AgriSompo, and delivers risk management solutions tailored to the local needs of the agri-business market.

“We continue to extend our AgriSompo platform, introducing new products and capabilities in key agriculture markets around the world,” said Kris Lynn, Chairman of the AgriSompo Steering Committee.

“A&A’s extensive technical expertise and long-term relationships have provided Sompo International with significant presence in the Italian crop insurance market and we plan to further expand A&A’s role to provide additional value to our clients,” Lynn continued.

Giovanni Giudici, Chairman of A&A, also commented: “A&A is committed to offering the same superior service and quality insurance coverage that our clients have come to depend on.

“Further, as an agency with the support of Sompo International’s AgriSompo platform, we plan to invest in infrastructure and technology which will enable us to introduce innovative new products and services.”

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