Sompo & SV Agricultural Insurance Partnership
Sompo International Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, and SV SparkassenVersicherung [SV], one of the largest public insurance companies in Germany, have entered a partnership to “offer innovative insurance solutions to the agriculture sector.”
The companies have been business partners since 2006 and have now expanded their relationship to jointly develop and deliver agriculture insurance products based on their unique capabilities in this market.
Mr. John Charman, Chief Executive Officer and Chairman of the Board of Sompo International, commented, “We look forward to expanding our partnership with SV as we continue to increase AgriSompo’s presence in key agriculture markets worldwide.
“By combining Sompo International’s experience developing crop insurance products with SV’s strong customer relationships in the important German market, we will deliver innovative solutions that address the evolving insurance needs of these clients.”
Mr. Andreas Jahn, Chief Executive Officer and Chairman of the Board of SV SparkassenVersicherung stated, “Sompo and SV have been working very well together in reinsurance for many years. We know from experience that with Sompo we have a strong and reliable partner at our side with whom we can successfully expand our agricultural portfolio.”
