Sompo announces new leader for US subdivision

14-03-2019

Sompo International Holdings has announced that Steven E. Grippo has joined Sompo Pro as senior vice president where he will lead the unit’s US architects & engineers practice.

The company said that the addition of Grippo to the team will further expand the company’s professional liability product and service offerings. Sompo Pro’s architects & engineers practice targets products for architects, engineers, interior designers, landscape planners, agency and at-risk construction managers, in addition to writing coverage for heavy structural, soils, geotechnical and environmental risks.

Grippo brings to Sompo International nearly 30 years of experience as a professional liability underwriter serving architects, engineers, design professionals and complementary areas. He reports to Daniel Wadley, executive vice president, Sompo Pro and is based in the company’s Boston office.

Sompo Pro offers a broad array of primary and excess liability coverage tailored to a range of professional services classes. In addition to architects & engineers, available coverages include errors & omissions (E&O), network security, privacy and media liability, insurance agents and brokers liability, lawyers’ professional liability and accountants’ professional liability.

“We are thrilled to have Steve on board to further enhance our architects & engineers capabilities, product and service offerings and to strengthen our ability to serve clients in this important target class,” said Wadley. “Steve is a highly skilled, technical underwriter who has focused his entire career on this niche market.”

Grippo joins the company from AIG’s Lexington Insurance Company, where he served as Product Line Manager responsible for underwriting the company’s Architects & Engineers Professional Liability business in the Northeast US, Canada, CorRisk SME segment and National Branch Wholesale platform. He also led Lexington's architects & engineers risk management service offerings. Prior to AIG, Grippo served as employment practices & fiduciary liability product line leader for Travelers Casualty & Surety’s Boston office and as a senior bond underwriter for Aetna Property & Casualty. 

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Bermuda Re