Sompo hires AIG talent to lead US architects and engineers insurance unit

Bermuda-based specialty re/insurer Sompo International is looking to expand its professional liability product and service offerings with the recruitment of Steven Grippo from AIG.

Grippo has joined Sompo Pro as senior vice president where he will lead the unit’s US architects and engineers practice.

Grippo joins Sompo from AIG’s Lexington Insurance Company, where he served as product line manager responsible for underwriting the company’s architects & engineers professional liability business in the Northeast US, Canada, CorRisk SME segment and National Branch Wholesale platform. He also led Lexington's architects & engineers risk management service offerings. Prior to AIG, Grippo served as employment practices & fiduciary liability product line leader for Travelers casualty & surety’s Boston office and as a senior bond underwriter for Aetna Property & Casualty.

He will report to Daniel Wadley, executive vice President, Sompo Pro, based in the company’s Boston office.

Wadley said: “We are thrilled to have Steve on board to further enhance our Architects & Engineers capabilities, product and service offerings and to strengthen our ability to serve clients in this important target class. Steve is a highly skilled, technical underwriter who has focused his entire career on this niche market.”

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