Case study
Fast turnaround and exceptional service leads to ten-country marine program
Sompo's Multinational and Underwriting teams develop a marine insurance solution in seven countries in under 15 days.
- Industry: Manufacturing
- Line of business: Marine
- Premium: US $172,000
- Countries: US, China, Germany, Japan, Malaysia, Singapore, South Korea, UK, India, Netherlands
The Challenge
The broker for a global technology manufacturer contacted Sompo for help developing a marine insurance solution in seven countries with only 15 days to respond.
The Solution
Working across our network of Sompo companies and hand-picked third-party partners around the world, our Multinational and Underwriting Teams worked diligently to meet the tight deadline. Impressed by the speed with which Sompo responded and the service they received, the broker expanded the program to include three additional countries.
By working closely with Helene Harper and our broader Multinational network, we were able to provide a viable option for the insured, making ourselves and, in turn, the broker, stand out to the client. Helping the broker place this account has shown we are a competitor in this space and opened the door to future multinational placements with them.
Robert Sinnott
Senior Underwriter, Ocean Marine
Global coverage
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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.