Bermuda-based Sompo International has acquired an aviation specialist that had previously acted as its managing general underwriter since 2016.
The company has acquired W. Brown & Associates Insurance Services, an aviation specialist. The W. Brown operations will remain intact, keeping the MGU’s management and underwriting expertise, distribution platform and service capabilities.
W. Brown will become a wholly owned subsidiary of Sompo International. The company said the acquisition complements its broader suite aviation insurance and reinsurance products.
W. Brown’s legacy stretches back to 1948 when Bill Brown entered the aviation underwriting field after his WWII service as naval pilot.
Chris Sparro, CEO, US Insurance, Sompo International, said: “We are delighted to formally welcome Scott Brown and his team of loyal, dedicated employees into the Sompo International US Insurance platform.
“This acquisition displays our dedication to the long-term general aviation market and reinforces Sompo International’s commitment to building a portfolio of industry leading, diversified and profitable products. I look forward to continuing to work with Scott and his leadership team, who have grown the W. Brown organization into the industry leader that it is today. I am certain that together, we will build on this strong track record of success and achieve even greater things in the years to come.”
Scott Brown, principal, W. Brown & Associates, said: “We are thrilled to combine the financial strength and reputation of Sompo International with our commitment to service for our customers as W. Brown has done for over three decades. We look forward to being a part of an organization that we know and trust and where we can leverage additional resources, technology, capabilities and capital to help support and advance our efforts on behalf of our valued clients.”
Sompo International, Acquisition, Aviation, MGU W. Brown & Associates Insurance, Bill Brown, Chris Sparro, Scott Brown, Insurance, Reinsurance, Bermuda