Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty insurance and reinsurance, has been granted a licence to write primary insurance in France by the French Prudential Supervision and Resolution Authority.

The company said this further extends its commercial P&C insurance capabilities and product offerings in Continental Europe.

Ralph Brand, Sompo International’s president, Continental Europe Insurance, said: “The granting of the French primary insurance licence not only supports the company’s strategic expansion but further strengthens our position in Continental Europe.

“Buyers in France are increasingly looking for carriers with a local presence who can offer the capital, risk appetite and risk management capabilities they need to address the challenges they face. Our expertise across a range of insurance lines, coupled with our financial strength, make us an attractive business partner.”