Bermuda-based specialty P&C reinsurer Sompo International has partnered with Marsh & McLennan Agency and its Global Risk Solutions unit on the launch of a new customisable insurance solution designed for commercial real estate owners.
The MMA Select Commercial Insurance Program has been created to deliver industry-specific underwriting, claims, and risk control expertise for Commercial Real Estate firms.
Available coverage includes property, general liability, umbrella, workers compensation, environmental, commercial auto and parametric weather risk protection.
“We are pleased to collaborate with Marsh & McLennan Agency to offer this multiline solution tailored specifically for commercial real estate owners,” Michael Chang, CEO of Sompo Global Risk Solutions.
“This program leverages Sompo International’s technical and multiline capabilities, financial strength and deep expertise within the real estate industry vertical.”
“In these times of uncertainty, owners and managers are seeking stable risk partners who understand the unique challenges inherent to each segment of the Real Estate industry,” said Denise Perlman, Executive Vice President of Business Insurance & National Partnerships at MMA.
“In partnership with Sompo GRS, the Select Commercial Insurance Program offers real estate owners a comprehensive set of resources for navigating the volatility of today’s market with a broad range of coverages, competitive pricing, and a simplified approach to insurance and risk management.”
