Multinational

Multinational

An illustration of the globe for Sompo

Overview

Leveraging an extensive global network, country level expertise, innovation and technology

Sompo’s Multinational Business Unit offers companies with business operations in multiple countries an industry-leading platform for managing risk. Leveraging licensing capabilities from Sompo companies around the world and a growing network of third-party partners, our Multinational platform offers a convenient, consistent approach to accessing global coverage that is compliant with local regulations in 150 countries.

Target Clients

Sompo defines multinational business as meeting the risk management needs of clients who must manage the transfer of risk or premium dollars and claims payments across country borders. Typically, this includes the following business profiles:

  • Clients with a Controlled Master Program (CMP) in their home country and at least one local underlying insurance policy in another country
  • Global clients in need of stand-alone local policies, issued separately in each country, but not tied into a CMP
  • Sompo’s Japanese clients with interests outside of Japan

Our Approach

With hubs in the U.S., Europe, UK, Mexico, Singapore and Japan, our integrated global Multinational platform makes it easier for clients with global operations to access the commercial property and casualty coverage they need through a single point of contact.

  • Local Knowledge – Sompo’s Multinational Business specialists understand how to navigate the complex regulatory and financial environments in 150 local jurisdictions around the world.
  • Unparalleled Ability to Serve Japanese and Other Asian Clients – Established by one of the top three carriers in Japan, we have the unique ability to understand and service the risk management needs of Japan- and other Asian-based clients operating in markets around the world.
  • A Consistent Approach – We can coordinate Master Programs and stand-alone policies in multiple countries with different forms, currencies, and regulatory environments.
  • Handpicked Network Partners – Our growing network of Sompo local subsidiaries and third party insurance companies can write local policies in key insurance markets around the world.
  • Global Underwriting Expertise – We have the underwriting expertise and experience needed to properly assess risk in multiple countries across the lines of business we provide, including Property, General Liability, Marine, Directors & Officers Liability, Errors & Omissions, and Cyber.
  • Global Claims CoordinationSompo’s in-house Multinational Claims team works closely with our underwriting teams and network partners to coordinate claims handling and ensure fair outcomes for each of our insureds.
  • A Single Operational Platform – We are building an industry-leading platform offering the tools clients need to manage multinational business, including policy issuance, data and analytics, client servicing and local market intelligence in countries around the world.

Learn more about Sompo’s Multinational Business Unit

Meet our team

Brian Grabek

EVP, Multinational Leader

Cindy Bai

VP, Multinational Producing Office Manager, United Kingdom

Luis Miranda Barbosa

AVP, Head of Multinational, Iberia

Paul Burgess

SVP, Global Head of Multinational Claims

Gabriel Dominguez

VP, Head of Multinational LATAM

Jason Funnell

Head of Multinational Transformation

Fernando Gonzalez

SVP, Multinational

Manabu Hirasuka

VP, Tokyo

Matt Hoare

Head of Multinational Insurance EMEA

Lena Liu

VP, Head of Multinational APAC

Chris Pickering

SVP, Multinational

Stephen Nelson

VP, Multinational Producing Office Manager, North America

Global reach

Loading...
Hubs
  • APAC
  • EMEA
  • Japan
  • Latin America
  • North America

Success Stories

Umbrella Solution

Sompo’s recently expanded footprint in Canada helps find a solution for this medical devices manufacturer in U.S. and Canada.

arrow_right_alt

Marine Solution

Sompo's Multinational and Underwriting teams develop a marine insurance solution in seven countries in under 15 days.

arrow_right_alt

Property, General Liability, Auto, Umbrella, Casualty

Sompo’s Multinational team tailors a program with the support of our Risk Control team, demonstrating commitment to delivering consistent and compliant insurance solutions in key jurisdictions around the world.

arrow_right_alt

Property & Casualty Solution

Sompo's expert team develops multinational Property and Casualty insurance program for its hospitality client with restaurants in the UK and the U.S.

arrow_right_alt

General Liability Solution

Collaborative effort between local and global claims handlers ensures a swift and coordinated response, demonstrating Sompo's commitment to providing seamless insurance solutions across borders.

arrow_right_alt

Excess D&O Solution

Sompo’s multinational partner network enabled the implementation of a global excess D&O program for one of the world's largest retailers.

arrow_right_alt

Property Solution

Service and collaboration helped Sompo unseat incumbent carrier of multiline multinational program.

arrow_right_alt

 Ocean Marine Solution

Sompo helps global machinery company implement local ocean marine policies in multiple countries despite client’s long-term relations with incumbent insurer.

arrow_right_alt

Marine Cargo Solution

Sompo’s approach simplifies the multinational placement process for broker and leads to marine cargo program in three countries.

arrow_right_alt

Cyber Insurance Solution

A Japanese gas production company in need of a global cyber insurance program puts the promise of Sompo’s integrated global platform to the test.

arrow_right_alt

Property Solution

When a U.S. manufacturer struggled to mitigate risks at its Mexico location, Sompo’s Risk Control and Multinational specialists helped them implement a plan to manage their exposures – an approach...

arrow_right_alt

Professional Lines Solution

A Germany-based client faced with a tight deadline for securing EPLI coverage for its U.S. operation finds a tailored solution with the help of our Professional Lines and Multinational teams...

arrow_right_alt

Ocean Marine Solution

A broker faced with a complex Ocean Marine risk finds a tailored solution to address a client’s needs in multiple countries through the nimble response of our Multinational team.

arrow_right_alt

Marine Cargo & Excess Property Insurance Solution

A Japan-based semiconductor manufacturer turned to Sompo for a multinational insurance solution despite its long-standing relationship with another carrier thanks to Sompo’s customized approach to service and ability to enhance...

arrow_right_alt

Cyber Insurance Solution

A Japan-based logistics company was looking for coverage in over 25 countries. Utilizing a collaborate approach combining global experience and local market expertise, Sompo developed a solution that closed gaps...

arrow_right_alt

Cyber Insurance Solution

After an initial unsuccessful bidding process, Sompo leveraged its second chance and deep understanding of the client’s risk management needs to develop a customized cyber solution to successfully meet the...

arrow_right_alt

Cyber Insurance Solution

A Japan-based automotive manufacturer with a tight deadline in need of coverage in multiple countries turned to Sompo for a customized cyber insurance solution in 9 countries.

arrow_right_alt

Property Solution

A Canada-based real estate proprietor needed locally compliant Insurance for three expansive and unique shopping centers in North America. Given the scarcity of the market options, they turned to Sompo...

arrow_right_alt