Sompo International forms APAC global risk team

The team will target accounts in the financial institutions, hospitality, and life sciences, amongst others.

Property and casualty insurer and reinsurer, Sompo International, has launched Sompo Global Risk Solutions (GRS) Asia Pacific, a new team based in Singapore that will serve select industries in the region through appointed brokers, according to an announcement.

Led by Trey Martino, head of Sompo GRS Asia-Pacific, the new team will target accounts in the financial institutions, hospitality, life sciences, professional services, real estate, and technology industries across the region. 

Sompo GRS Asia-Pacific will offer commercial property, primary and excess casualty, umbrella, motor, workers compensation/employers’ liability and environmental coverage, as well as parametric products available to clients based or with operations in the region. 

Initially, Sompo GRS Asia-Pacific will seek to write business and offer its white-glove service model in China, India, Japan, Macau, Hong Kong, and Singapore.

The move is part of the segment’s broader focus on achieving profitable growth by leveraging the reach of Sompo International’s global network to expand into new products and new geographies. 

The expansion also supports the growth of Sompo GRS, which has traditionally offered comprehensive multi-line capabilities through a network of appointed brokers to companies with operations in the US, Mexico, and Europe.