Sompo GRS expands its presence in Europe
Sompo Global Risk Solutions (GRS) has formed a new team called Sompo GRS Europe in London to serve the European market through retail brokers.
The team is led by Adam Bergen, vice president of Sompo GRS and head of Europe, who is based in Sompo International’s London office. It builds on Sompo International’s existing London market and SIIE European platform business, furthering its ‘one company’ platform in the region.
The team offers commercial property, primary and excess casualty, and environmental coverage, as well as parametric natural catastrophe products. It targets accounts in financial institutions, hospitality, life sciences, professional services, real estate and technology, and encompasses dedicated teams of underwriting, actuarial, claims and risk control specialists.
Michael Chang, chief executive of Sompo GRS, said: “This expansion enables Sompo GRS to work directly through Sompo International’s extensive European network of retail brokers in order to offer our white-glove service model and holistic approach to risk management to U.S. based multinationals and other companies operating in the region.”
Julian James, chief executive of international insurance for Sompo International, said: “At this critical time of tremendous change and challenge for our business partners and clients, our ability to provide the best possible service is vital. The launch of GRS in the UK and Europe is a great addition to our ability to do that, with businesses needing comprehensive risk management services and multi-line capabilities more than ever before.”
