Sompo Worldwide is a world business property and casualty insurance coverage and reinsurance agency and joins BIBA with over 9,000 workers and operations in North America, the UK, Europe, Latin America, and Asia Pacific.

It’s also a part of the Sompo Group, one of many main P&C insurance coverage organisations on this planet.

Graeme Trudgill, BIBA CEO, mentioned: “It is rather encouraging to welcome Sompo into membership given their stature as a world insurer with a powerful want to develop within the UK insurance coverage market with a give attention to the areas. Insurer alternative for a lot of BIBA brokers has change into extra restricted in recent times so the brand new proposition that Sompo provides is necessary and well timed.”

Bob Thaker, Sompo Worldwide’s CEO, business P&C insurance coverage UK added: “We’re delighted to be partnering with BIBA. This collaboration represents our dedication to delivering larger worth to our dealer companions as we develop Sompo Worldwide’s footprint throughout the UK, leveraging BIBA’s experience to drive innovation and success.”

Earlier in 2023, Sompo Worldwide made key senior management modifications in Continental Europe.

The corporate named Anna Lisiak as its new head of claims whereas Herndon Stokes will function the brand new head of distribution & consumer relationship administration for the Continental European Insurance coverage enterprise.

Within the new positions, Lisiak and Stokes will likely be based mostly in Zurich, Switzerland.

They may each report back to the corporate’s Continental Europe Insurance coverage president, Ralph Model. 

Stokes can have a secondary reporting line to the corporate’s International Markets Insurance coverage Distribution, Enterprise Improvement and Consumer Administration head Brendan Plessis.