The expansion enhances the global insurer’s commercial property and casualty (P&C) insurance capabilities across the region.
The new licences add to Sompo’s existing operations in Germany, France, Spain, Italy, and Switzerland, further extending its footprint in the European market. The move aligns with the company’s strategy to provide localized expertise while leveraging its global insurance solutions.
Ralph Brand, President of Continental Europe Insurance at Sompo, emphasized the significance of the development. “Sompo has grown its presence significantly across Continental Europe in recent years, and the authorizations to write primary insurance locally in Belgium and the Netherlands provide yet another milestone for our business,” Brand stated.
He added that clients are increasingly seeking insurers with both local expertise and global capabilities to navigate complex risks. “We empower our local teams to work with clients and brokers, offering a flexible, solutions-driven approach that fosters long-term partnerships and success. I look forward to developing opportunities in these exciting markets,” he said.
With this latest expansion, Sompo continues to reinforce its commitment to delivering tailored insurance solutions across key European markets.
