Sompo expands customised D&O offering to public companies

Sompo International Holdings has released a new directors and officers liability (D&O) insurance policy form for publicly traded companies.

Sompo has provided D&O coverage for over a decade, with its new public D&O solution expanding the existing Sompo International Management Assurance Platform (MAP).

MAP was introduced in 2019 and allows private companies to customise their coverage selections in a single policy tailored to their risk profile. This service is now available to publicly traded companies of all sizes.

Joseph Spallone, senior vice president of commercial management liability, said: “Our primary form will offer customised coverage solutions for our clients during these challenging times for D&O. This offering reiterates our team’s commitment to the evolving D&O market in the US and to offering coverage features that respond to market demands.”

Raymond Santiago, executive vice president and head of financial institutions and commercial management liability at Sompo International, added: “We will continue to substantially enhance our products, quality underwriting approach and related services to address the evolving risks and issues impacting our clients.”