Sompo partners with Portuguese MGA to deliver agriculture insurance

Sompo International Holdings has partnered with Portuguese managing general agent ATLAS Segurmina to offer crop insurance to the agricultural sector in Portugal via AgriSompo, Sompo’s global agriculture platform.

AgriSompo is a global integrated underwriting, technology and distribution platform delivering re/insurance and other financial products to agriculture partners. ATLAS has crop insurance expertise and ties to the Portuguese and EU Crop market.

AgriSompo will partner with ATLAS to initially offer a variety of traditional crop insurance products, but will expand into new products and coverages over time.

Kris Lynn, chairman of AgriSompo and senior vice president of global agriculture at Sompo International, said the partnership will open up new markets for Sompo and enable it to introduce innovative agriculture products and technologies tailored to the region.

“By combining Sompo International’s experience developing leading-edge crop insurance products with ATLAS’ strong network and reputation in the Portuguese crop market, we will deliver meaningful solutions that address the evolving insurance needs of these clients,” Lynn said.

Frederico Bernardino, chief executive officer at ATLAS, said: “Sompo International’s extensive agriculture insurance capabilities and breadth of products will enable ATLAS to provide enhanced risk solutions to the Portuguese agriculture community.”