Sompo Agrees to Acquire US Workers’ Compensation Insurer
The deal adds a workers' compensation specialist with a differentiated distribution platform and claims capabilities, Sompo said.
- On Tuesday, July 7, 2026, Sompo International Holdings Ltd. announced a definitive agreement to acquire Service Insurance Companies, a leading U.S. workers' compensation specialist, expanding its commercial insurance footprint.
- The acquisition integrates Service Insurance Companies' differentiated distribution platform and focus on the small and medium-sized enterprise segment, broadening Sompo's underwriting capabilities across diverse customer segments and distribution channels.
- Chris Sparro, Chief Executive Officer, North America, Sompo Commercial P&C Insurance, said the deal establishes a "top-tier flagship for our workers' compensation business" by leveraging the target's seasoned leadership team.
- Brad Davis, President of Service Insurance Companies, stated the firm will evolve from a "monoline workers compensation provider into a diversified commercial insurance organization with enhanced scale, capabilities and amplified market relevance."
- Sompo Holdings, Inc., the parent company, boasts 137 years of innovation and employs approximately 10,000 people globally, positioning the acquisition within a financially strong organization committed to resolving complex client challenges.
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Sompo to Acquire Service Insurance Companies, a Leading Monoline Workers' Compensation Insurance Company
The acquisition strengthens Sompo’s workers’ compensation franchise with expanded capabilities, distribution reach and scale in the U.S. market HAMILTON, Bermuda, July 07, 2026 (GLOBE NEWSWIRE) — Sompo International Holdings Ltd. today announced a definitive agreement to acquire Service Insurance Companies, one of the nation’s leading specialists exclusively focused on workers’ compensation insurance, by one of its […]
The Toronto Star
Sompo to Acquire Service Insurance Companies, a Leading Monoline Workers’ Compensation Insurance Company
HAMILTON, Bermuda, July 07, 2026 (GLOBE NEWSWIRE) -- Sompo International Holdings Ltd. today announced a definitive agreement to acquire Service Insurance Companies, one of the nation’s leading specialists exclusively focused
SOMPO Holdings announced on the 7th that it will acquire Service Insurance Holdings, a US-based workers' compensation insurance company. The acquisition price was not disclosed, but is estimated to be around 30 to 50 billion yen. This move aims to increase the SOMPO Group's presence in the US small and medium-sized enterprise market…
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