Sompo Granted Licenses to Write Primary Insurance in Belgium and the Netherlands

Sompo, the global property and casualty re/insurer, announced it has been granted licenses by the regulatory authorities to write primary insurance in Belgium and the Netherlands.

Sompo said the development extends its commercial P/C insurance capabilities and product offerings in Continental Europe, where the insurer also operates in Germany, France, Spain, Italy and Switzerland.

“Sompo has grown its presence significantly across Continental Europe in recent years and the authorisations to write primary insurance locally in Belgium and the Netherlands provide yet another milestone for our business,” commented Ralph Brand, president, Continental Europe Insurance.

“We know clients are increasingly looking for partners with local presence aligned with global expertise who can support them through all aspects of the many and often complex risks they face,” he said.

For broker and business inquiries relating to Sompo in Belgium and/or the Netherlands, please contact: Herndon Stokes, head of Distribution & Client Relationship Management, Insurance, Continental Europe.

About Sompo

Sompo UK’s insurance and reinsurance business is underwritten by Endurance Worldwide Insurance Ltd. and any risks located in the European Economic Area are underwritten by SI Insurance (Europe), SA. Both companies are wholly owned subsidiaries of Sompo International Holdings Ltd.

“Sompo” is the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty re/insurance businesses. Sompo International Holdings Ltd. is an indirect wholly owned subsidiary of Japan-based Sompo Holdings Inc., one of the leading property and casualty groups in the world.

Source: Sompo

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