Case study
Teamwork enables underwriter new to Multinational business to develop D&O program for global asset manager
A Financial Institutions underwriter partnered with Sompo’s Multinational specialists to help a global financial services firm find consistent, compliant D&O insurance in three countries.
- Industry: Asset Management
- Line of business: Primary D&O
- Premium: US $320,000
- Countries: US, Australia, Costa Rica
- Producing office: US
The Challenge
A global asset management firm needed primary D&O insurance in the US, Costa Rica and Australia. While the Sompo underwriter they approached for help specialized in Financial Institutions, it was his first time working on a multinational program.
The Solution
Sompo’s Financial Institutions and Multinational Teams collaborated closely to guide the underwriter through the process of efficiently creating a complaint solution for the client. Impressed by the seamless workflow and clear and consistent communication provided at each step of the process, the asset manager moved its multinational D&O program to Sompo.
In addition to deeper insight into how our Multinational team enables Sompo’s ability to deliver our underwriting expertise to clients, this experience has given me the confidence to more earnestly pursue additional multinational opportunities. Our teamwork demonstrated what can be accomplished when we work as One Sompo, relying on each other with a shared goal of serving our client. It also created a seamless, positive experience for our broker and client.
Sean Dowd
Underwriting Trainee, Financial Institutions
Global coverage
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