Sompo’s long-term investment strategy remains steady, even as the Bank of Japan ended negative interest rates. Operating in 28 countries worldwide, the business has seen significant growth in commercial business insurance, with premiums rising from US$9 billion in 2019 to around US$16 billion today.
Asia, with its burgeoning growth and evolving risks like cyber-attacks and natural disasters, is a key focus. Singapore, with its strong regulatory framework and talent pool, serves as a regional hub for operations across 12 Asian markets.
In the recently published article with Straits Times, Julian James, Global Markets CEO and Paul O’Neill, President of Commercial Lines APAC, discuss their dedication to seizing opportunities in Asia’s insurance sector while ensuring long-term success.
Read the full interview here: Japanese insurer Sompo expands commercial insurance business to Singapore and Asia | The Straits Times
About Sompo
Sompo Holdings Ltd. is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Through its operating subsidiaries, Sompo writes agriculture, professional lines, property, marine, energy, casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk and specialty lines of reinsurance. 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. We maintain excellent financial strength as evidenced by the ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard and Poor’s on our principal operating subsidiaries. Sompo’s headquarters are located at Waterloo House, 100 Pitts Bay Road, Pembroke HM 08, Bermuda and its mailing address is Sompo, Suite No. 784, No. 48 Par-la-Ville Road, Hamilton HM 11, Bermuda.
For more information about Sompo, please visit www.sompo-intl.com.