Case study
Sompo helps global retailer with custom D&O program in 11 countries
A global retailer needed to pivot quickly to find primary D&O insurance for its global operations when its insurance carrier of 20 years had a change in appetite.
- Industry: Retail
- Line of business: Primary D&O
- Premium: US $250,000
- Countries: US, Germany, France, Italy, Spain, Ireland, Hungary, Switzerland, Poland, Czech Republic, Japan
- Producing office: US
The Challenge
A global sportswear and footwear retailer encountered implications when its insurance carrier of over primary carrier was looking to make significant changes in their primary D&O insurance.
The Solution
Sompo’s D&O underwriting and Multinational teams collaborated to develop a solution that met the client’s insurance requirements but also highlighted Sompo’s commitment to excellence and client-centricity. Working in tandem with the broker, Sompo carefully assessed the client’s needs and developed a tailored and locally compliant solution in 11 countries.
This program is a great example of the power of our expertise in professional lines insurance when combined with the capabilities available across our Multinational platform. Through a remarkable team effort involving our broker partner and Sompo team members from start to finish, we were able to meet the client’s needs and showcase Sompo’s market-differentiating Multinational capabilities in the process.
Erin McElwain
Underwriting Trainee, Commercial Management Liability
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.