Sompo launches global risk solutions team for APAC region
The commercial P&C business of Bermuda-based carrier Sompo International Holdings has expanded with the formation of Sompo Global Risk Solutions (GRS), a new team servicing the Asia-Pacific (APAC) region.
The new team will be based in Singapore and has been set up to serve select industries in the Asian markets through appointed brokers. Trey Martino, head of Sompo GRS Asia-Pacific, will lead it.
Sompo GRS will offer commercial property, primary and excess casualty, umbrella, motor, workers compensation/employers’ liability and environmental coverage, as well as parametric products where available to clients based or with operations in the region.
Initially, Sompo said it will seek to write business and offer its services in China, India, Japan (for Sompo GRS clients only), Macao, Hong Kong and Singapore. The business intends to serve additional countries throughout the region in future.
Michael Chang, CEO of Sompo GRS, said: “Our expansion into Asia strengthens our position to meet the risk management needs of clients with exposures in key Asian markets, while building on Sompo International’s brand position in the region.
“It also enables Sompo GRS to deepen our relationships with our appointed broker partners in Asia.”