Sompo International expands Mexico presence

Sompo International is expanding its capabilities in Mexico with the addition of a new Sompo International global risk solutions (GRS) team that will focus on serving clients in select industry verticals.

A Sompo International subsidiary, Sompo Seguros Mexico has traditionally focused on Asian-domiciled clients with operations in Mexico. The Sompo GRS team will now expand on these capabilities to offer Mexico-based clients in the real estate, hospitality, financial institutions, professional services and life sciences industries a full suite of products, including package, property, general liability, umbrella and environmental.

Sompo GRS works through a network of retail brokers to offer comprehensive multi-line capabilities through cross-disciplinary teams of underwriting, claims and risk control specialists focused on select industry verticals.

Miguel Angel Macias Romo, industry vertical leader for Sompo Seguros Mexico will lead the Sompo GRS expansion in Mexico. Macias Romo brings more than 30 years of property and casualty insurance experience focused on the real estate, financial institutions and professional services industries. He began his career as an insurance broker in Mexico and France before helping to lead the expansion of several US insurance carriers into the Mexican market.

“We are thrilled to bring our industry vertical expertise to the Mexican market and are delighted to have Miguel on board to lead this effort,” said Michael Chang, CEO of Sompo Global Risk Solutions. “For many years, we have served Japanese and South Korean clients with operations in Mexico. With our expanded presence, we are now able to offer Mexico-based companies in the industry verticals where we have depth of expertise a full set of risk management capabilities backed by our white glove service model.”