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Sompo Insurance Company Expands Its Working In The Regions Of Singapore

Things To Know About Sompo

Sompo is an insurance based industry headquartered in Singapore. The publically held company is a member of Sompo Holdings which is a trusted and established insurance provider in Japan. The company has offices in 28 countries all around the globe and is functioning since 1989. Thus, the company collectively believes in and work for the well being of it’s customers by providing affordable range of insurance to them.

The company was granted a license for Swiss insurance branch l to write primary insurance by the Swiss Financial Market Supervisory Authority (FINMA), effective immediately.

The property & casualty insurance company deals and leads in a nursing care business in Japan as per the company analysis.

What Are The Views Of Leading Members Of The Firm On This 

Ralph Brand, president continental Europe insurance for Sompo International said, “This development marks an important milestone as we build up our Continental Europe regional insurance operation. With reinsurance operations established since 2008, and a team of more than 50 industry-leading reinsurance professionals based in Zurich, Sompo International is already a recognized player in the Swiss market. The granting of a license to write primary business elevates our presence further and allows us to better serve local clients and international businesses who will benefit from our strong global network, financial strength, broad product offering as well as excellent underwriting and claims capabilities.”Julian James, chief executive officer, global markets, commercial P&C Insurance for Sompo International added, “We have a long-term commitment to building our primary insurance operations in Switzerland and will strongly invest in our talent and capabilities to create the right solutions for our clients and brokers’ business needs in this market.”

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