BIBA Welcomes Sompo International as a Partner

LONDON, England, Oct. 13 -- The British Insurance Brokers' Association issued the following news release:

The British Insurance Brokers' Association (BIBA) is pleased to welcome Sompo International as a partner.

Sompo International is a global commercial property and casualty insurance and reinsurance organisation with over 9,000 employees and operations in North America, the UK, Europe, Latin America, and Asia Pacific. Sompo International is a part of the Sompo Group, one of the leading Property and Casualty Insurance organisations in the world.

Graeme Trudgill, BIBA CEO said: "It is very encouraging to welcome Sompo into membership given their stature as a global insurer with a strong desire to grow in the UK insurance market with a focus on the regions. Insurer choice for many BIBA brokers has become more restricted in recent years so the new proposition that Sompo offers is important and timely.'

Bob Thaker, Sompo International's CEO, Commercial P&C Insurance UK said, "We are delighted to be partnering with BIBA. This collaboration represents our commitment to delivering greater value to our broker partners as we grow Sompo International's footprint across the UK, leveraging BIBA's expertise to drive innovation and success."

Find out more about Sompo International https://www.sompo-intl.com/

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About the British Insurance Brokers' Association

The British Insurance Brokers' Association (BIBA) is the UK's leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.

BIBA membership includes around 1800 regulated firms, employing more than 100,000 people. General insurance brokers contribute 1% of GDP to the UK economy; they arrange 74% of all general insurance with a premium totalling pound sterling85.8bn and 93% of all commercial insurance business. Insurance brokers put their customers' interests first, providing advice, access to suitable insurance protection and risk management.

BIBA receives hundreds of thousands of enquiries per year to its Find Insurance Services, online and via the telephone, which are directed to insurance broking firms.

BIBA is the voice of the sector advising members, Government, regulators, consumer bodies and other stakeholders on key insurance issues.

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About Sompo International

"Sompo International" refers to Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries. Through its operating subsidiaries, Sompo International is a leading global provider of commercial and consumer property and casualty (re)insurance. Sompo International Holdings Ltd. is an indirect wholly owned subsidiary of Sompo Holdings, Inc. ("Sompo Holdings"). With more than 9000 employees at Sompo International, 75,000 employees total worldwide, entities in over 46 countries and over USD 35 billion in Gross Written Premiums, Sompo Holdings is one of the leading property and casualty insurance groups in the world. Sompo Holdings maintains 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 its principal operating subsidiaries. For more information about Sompo International, follow us on LinkedIn or please visit www.sompo-intl.com.

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Original text here: https://www.biba.org.uk/press-releases/biba-welcomes-sompo-international-as-a-partner/