Sompo International to acquire W. Brown & Associates aviation business
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that it has acquired the aviation business of W. Brown & Associates Insurance Services, which has been providing products and services for both airborne and ground based exposures for over 30 years. W. Brown’s expertise stretches back to 1948 when Bill Brown entered the aviation underwriting field after his WWII service as naval pilot.
W. Brown has been a managing general underwriter (MGU) for Sompo International (SI) since 2016. The W. Brown operations will remain intact, leveraging the MGU’s management and underwriting expertise, distribution platform and service capabilities. This acquisition takes Sompo International’s long-term relationship with W. Brown to the next level as it will become a wholly owned subsidiary of Sompo International and further exemplifies a shared commitment to serve the general aviation market. The acquisition also complements the broader suite of SI’s Aviation Insurance and Reinsurance products, a rapidly growing segment for the organization that aligns with its long-term growth strategy.
“We are delighted to formally welcome Scott Brown and his team of loyal, dedicated employees into the Sompo International U.S. Insurance platform. This acquisition displays our dedication to the long-term general aviation market and reinforces Sompo International’s commitment to building a portfolio of industry leading, diversified and profitable products. I look forward to continuing to work with Scott and his leadership team, who have grown the W. Brown organization into the industry leader that it is today. I am certain that together, we will build on this strong track record of success and achieve even greater things in the years to come.” – Chris Sparro, CEO, U.S. Insurance, Sompo International.
“We are thrilled to combine the financial strength and reputation of Sompo International with our commitment to service for our customers as W. Brown has done for over three decades. We look forward to being a part of an organization that we know and trust and where we can leverage additional resources, technology, capabilities and capital to help support and advance our efforts on behalf of our valued clients.” – Scott Brown, Principal, W. Brown & Associates.