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Sompo International gets Swiss insurance branch license

Posted On: Apr. 5, 2023 10:03 AM CST

The Swiss Financial Market Supervisory Authority has granted an insurance branch license to Bermuda-based insurer Sompo International Holdings Ltd., enabling it to write primary business and expand its operations in the country, Captive Insurance Times reported. Ralph Brand, president of Continental Europe insurance at Sompo International, said that the development is an important step as the insurer builds up its Continental Europe regional insurance operation.