Case study
Broker’s cross-border confidence in Sompo helps client meet immediate need for D&O insurance
A broker whose client had an immediate need for D&O insurance in multiple countries once again turned to Sompo for help.
- Industry: Transportation
- Line of Business: D&O
- Gross Written Premium: USD $109K
- Countries: US, Mexico, Colombia, Chile, Peru, Uruguay
- Producing Country: US
The Challenge
A US-based global transportation company required immediate placement of D&O insurance in several countries, including Mexico, Colombia, Chile, Peru, and Uruguay. Following their success placing another multinational program with us earlier in the year, the broker once again turned to Sompo for help.
The Solution
Understanding the critical and urgent nature of the request, Sompo’s Multinational team provided local policies in a matter of days, ensuring compliance with each country’s regulations while maintaining transparent and effective communication with the broker and the insured throughout the process.
We were able to provide local policies in a very quick turnaround for the broker and insured. In addition to addressing the client’s immediate needs, this approach reinforced Sompo’s reputation for consistency and reliability in handling complex multinational insurance requirements in a timely manner.
Oliver Sippel
Senior CML Underwriter, North America, Insurance
Global coverage
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