Reinsurance News

BIBA partners with Sompo International

13th October 2023 - Author: Akankshita Mukhopadhyay -

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The British Insurance Brokers’ Association (BIBA) has announced its latest partnership with Sompo International.

sompo-international-logoSompo International, a member of the esteemed Sompo Group, is a global enterprise specialising in commercial property and casualty insurance and reinsurance.

With a workforce of more than 9,000 employees, the company operates in various regions, including North America, the United Kingdom, Europe, Latin America, and the Asia Pacific.

Graeme Trudgill, CEO of BIBA, expressed his enthusiasm, saying, “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, CEO of Commercial Property and Casualty Insurance UK at Sompo International, shared his excitement about the partnership, stating, “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.”