Sompo Canopius and Grupo Nacional form strategic partnership

This arrangement allows GNP to harness Sompo Canopius’ specialist underwriting capabilities to cover a wider range of risks

Insurance News

By Gabriel Olano

Sompo Canopius and Grupo Nacional Provincial (GNP) have announced the creation of a strategic partnership that will operate in the Mexican market.
The partnership, formed with Guy Carpenter acting as GNP’s adviser, aims to develop new products and services for the Mexican public, leveraging GNP’s position as a leading domestic insurer and Sompo Canopius’ specialist underwriting capability. It also allows GNP to have a broader underwriting portfolio that includes international risks by participating in the underwriting results of Syndicate 4444.
Stuart Davies, CEO of Sompo Canopius said: “We are looking forward to working with GNP as we develop our strategic partnership. The combination of our underwriting skills and specialist expertise, and GNP’s understanding of the local market and established distribution, will allow us together to develop new business and broaden our knowledge base.”
Mario Vela, CEO of GNP also reacted: “This is an exciting development for GNP.

"Our partnership with Sompo Canopius will provide us with an increased international exposure through their position at Lloyd’s and enable us to expand our product range to meet the growing local demand for specialist insurance products.”

Major bank CIMB Group inks deal with Sompo
Japanese insurers to discontinue sale of savings-type policies
Japan’s top general insurers to hit record US$5.4bn profit

Keep up with the latest news and events

Join our mailing list, it’s free!