Marine Cargo UK and Transport & Logistics policies can now be written in London and nationally
LONDON, United Kingdom – September 25, 2024 – Sompo, a leading global provider of commercial and consumer property and casualty (re)insurance, today announced the launch of a new national marine insurance proposition for the United Kingdom (UK) allowing the insurer, for the first time, to write Marine Cargo, and Transport & Logistics policies across the regions, in addition to London.
Sompo’s Marine Cargo UK policy and its Transport & Logistics propositions are both designed to provide easy to understand coverage and are aimed at brokers and clients throughout the UK.
Marine Cargo UK provides coverage on an all-risks basis, removing Institute Cargo Clauses, so clients know they are covered automatically under the policy, unless specific exclusions are stated. In addition, all policy coverage is now in a single document, simplifying the customer journey.
Transport & Logistics UK also provides a complete package solution under a single wording, comprising freight liability, employers liability, public, products and pollution liability, and property (material damage and business interruption covers.) It is targeted at freight forwarders, road hauliers, couriers, warehouse keepers, customs brokers, contracts logistics companies and shippers.
Outside London, the lines are led by Diane Blyth, Head of (Retail) Marine Cargo UK Regions and Jon Clare, Head of (Retail) Transport & Logistics, UK Regions. They both report into Paul Ashworth, Head of Aviation, Energy & Marine, who also manages Sompo’s marine business in London.
Bob Thaker, CEO, Commercial P&C Insurance, Sompo, UK said:
“We are constantly looking at ways to adapt our business model to ensure we provide the very best service and experience possible to brokers and clients right across the UK. By increasing capacity and establishing an outstanding team of regionally-based underwriters, our new proposition expands the offering we currently provide in London so we can now also cater for growing regional demand to write directly Marine Cargo and Transport & Logistics policies. Both have been developed to be as simple as possible and are underwritten by our highly experienced team of marine specialists to eliminate uncertainty and ensure peace of mind for our clients.”
Find out more about the product here.
About Sompo
We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 130 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 9,500 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of Expertise™.
“Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world with excellent financial strength as evidenced by ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard & Poor’s. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange.
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*Sompo UK’s insurance and reinsurance business is underwritten by Endurance Worldwide Insurance Limited and any risks located in the European Economic Area are underwritten by SI Insurance (Europe), SA. Both companies are wholly owned subsidiaries of Sompo International Holdings Ltd. Please visit sompo-intl.com to view the full status disclosure.
Sompo Contact
Mike Jones
Global Head of Media Relations
M: +44 7765 901899
E: [email protected]