Sompo International and BIBA join forces

The British Insurance Brokers’ Association (BIBA) has announced a partnership with Sompo International, a global player in the commercial property and casualty insurance and reinsurance industry. With over 9,000 employees and operations spanning North America, the UK, Europe, Latin America, and Asia Pacific, Sompo International is a subsidiary of Sompo Group, a leading name in the property and casualty insurance domain worldwide. 

Graeme Trudgill, CEO of BIBA, stated; “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 Sompo International’s Commercial P&C Insurance in the UK, also conveyed his delight regarding 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.” 

This partnership between BIBA and Sompo International signifies a significant development in the insurance sector, promising a fresh perspective. With Sompo International’s vast global reach and BIBA’s in-depth knowledge of the UK market, the collaboration is poised to introduce innovative solutions and insights into the insurance landscape. The partnership between these industry leaders benefits not only the organisations involved but, more importantly, the customers who stand to gain from the combined strengths and expertise of BIBA and Sompo International. 

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Emma Cockings Emma is a content editor for Claims Media. Emma is a experienced writer with a background in client-centric personal injury for a major firm. She has attended and reported on multiple brokerage events throughout her career.