Case study
Fast response from broker and Sompo helps tech manufacturer in five countries
Service and collaboration helped Sompo unseat incumbent carrier of multiline multinational program.
- Industry: Advanced manufacturing
- Line of business: Property Insurance, General Liability, Auto, Workers’ Compensation, Umbrella
- Premium: >$350K (GWP)
- Countries: US, Sweden, France, Italy, UK
The Challenge
When a manufacturer of semi-conductors and technology components was dissatisfied with its carrier’s servicing and handling of a cargo claim, their broker turned to Sompo as a potential replacement.
The Solution
Sompo’s Middle Market and Multinational teams worked closely with the broker to gain a deep understanding of the client’s needs and quickly develop a proposed solution. The fast responsive service and collaboration between the broker and our underwriting and Multinational teams resulted in a customized property and casualty insurance solution to meet the clients’ needs in five countries.
The synergy between the broker and our underwriting and Multinational teams played a crucial role in gaining this client’s trust. Sompo’s commitment to providing outstanding service at all stages of our relationship with the client and broker also helped to distinguish us in a competitive market.
Blair Ketner
Underwriter, Middle Market
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Sompo International Holdings Ltd. (Sompo) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo companies are wholly owned subsidiaries of Sompo Holdings, Inc., whose core business encompasses one of the largest property and casualty insurance groups in the Japanese domestic market. This information is descriptive only. Actual coverage is subject to the terms and conditions of the policies as issued.