Sompo Worldwide, a world supplier of business and shopper property/casualty re/insurance coverage, introduced the enlargement of its operations in Switzerland with the granting of a Swiss insurance coverage department license to write down main insurance coverage by the Swiss Monetary Market Supervisory Authority (FINMA), efficient instantly.
“This growth marks an vital milestone as we construct up our Continental Europe regional insurance coverage operation. With reinsurance operations established since 2008, and a staff of greater than 50 industry-leading reinsurance professionals primarily based in Zurich, Sompo Worldwide is already a acknowledged participant within the Swiss market,” commented Ralph Model, president Continental Europe Insurance coverage for Sompo Worldwide.
“The granting of a license to write down main enterprise elevates our presence additional and permits us to raised serve native purchasers and worldwide companies who will profit from our sturdy world community, monetary power, broad product providing in addition to wonderful underwriting and claims capabilities,” Model added.
“Now we have a long-term dedication to constructing our main insurance coverage operations in Switzerland and can strongly spend money on our expertise and capabilities to create the correct options for our purchasers and brokers’ enterprise wants on this market,” stated Julian James, chief govt officer, International Markets, Business P&C Insurance coverage for Sompo Worldwide.
About Sompo Worldwide
“Sompo Worldwide” refers to Sompo Worldwide Holdings Ltd., a Bermuda-based holding firm, along with its consolidated subsidiaries. Sompo Worldwide Holdings Ltd. is an oblique wholly owned subsidiary of Sompo Holdings Inc. With greater than 9,000 workers at Sompo Worldwide, 75,000 workers whole worldwide, entities in over 46 international locations and over US$38 billion in gross written premiums, Sompo Holdings is likely one of the main property/casualty insurance coverage teams on this planet.
Supply: Sompo Worldwide
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