Sompo acquires aviation MGU
Reprints
Sompo International Holdings Ltd. said it has acquired aviation industry provider W. Brown & Associates Insurance Services Inc., which has been a managing general underwriter for Sompo International since 2016.
Terms of the transaction were not disclosed.
W. Brown & Associates “will remain intact” and become a wholly owned subsidiary of Sompo International, the statement said Tuesday.
Sompo International Holdings Ltd. is a specialty provider of property/casualty insurance and reinsurance, headquartered in Bermuda.
Aviation insurance and reinsurance is “a rapidly growing segment,” Sompo International said in the statement.
Read Next
-
Sompo to consolidate London operations
Bermuda-based insurer and reinsurer Sompo International Holdings Ltd. plans to consolidate its London presence into a single platform in January 2021, The Royal Gazette reports. All renewals and new business will be written by Endurance Worldwide Insurance Ltd. instead of Endurance at Lloyd's of London or Syndicate 5151.
Related Stories
Most Read in Risk Management
-
2. Hub sues former broker for allegedly violating nonsolicitation agreement
-
3. Aon reports 5% revenue increase; looks to middle-market growth
