Menu

Reinsurance News

Sompo Intl GRS launches unit focused on tech industry

2nd June 2020 - Author: Charlie Wood

Bermuda-based specialty P&C re/insurer Sompo International Global Risk Solutions has formed a new team that will offer products to clients in the technology industry.

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

Michael Carroll, who recently joined Sompo GRS as a Senior Vice President, will lead. He 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.

Michael Chang, CEO of Sompo Global Risk Solutions commented, “The launch of the GRS Technology unit builds on the joint experience of our U.S. Insurance and Sompo GRS teams in serving clients in this dynamic sector.

“It also makes it easier for clients in this space to access our market-leading capabilities across all lines of business on either a stand-alone or integrated basis.”

Christopher Sparro, CEO, U.S. Insurance for Sompo International commented, “We are pleased to partner with our colleagues at Sompo GRS to bring our holistic approach to managing risk to the technology market.

“This is a great example of the power of Sompo International’s integrated platform to anticipate and address the rapidly changing needs of our clients. Sompo International has built a meaningful presence in the technology industry over the last 19 years and we are excited to further expand our current offerings to our clients and brokers.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
AXIS Re names Cyril Caillo as Head of A&H Reinsurance, EMEA LatAm

AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited, has announced the promotion of Cyril Caillo to Head...

Close