Sompo International expands P&C operations in Europe

Bermuda-based holding company Sompo International has been granted a licence to write primary insurance in France.

Sompo International has secured the authorisation from the French Prudential Supervision and Resolution Authority (ACPR), further extending the company’s commercial P&C insurance capabilities and product offerings in Continental Europe.

Ralph Brand, Sompo International’s president, Continental Europe Insurance, said: “The granting of the French primary insurance license not only supports the company’s strategic expansion but further strengthens our position in Continental Europe. 

"Buyers in France are increasingly looking for carriers with a local presence who can offer the capital, risk appetite and risk management capabilities they need to address the challenges they face. Our expertise across a range of insurance lines, coupled with our financial strength, make us an attractive business partner.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.