Sompo International Holdings Ltd.'s global risk solutions (“GRS”) business has formed a new team offering the life sciences industry primary property and casualty products including product liability, clinical trial liability, property, auto, workers' compensation, environmental, and products related errors and omissions (“E&O”) coverage.
In a statement, Sompo explained that its new life sciences team is led by Todd Lauer, who joined Sompo GRS as senior vice president, and that the team will target small and middle market life sciences organizations, including manufacturers, contract manufacturers and service organizations, laboratories, research and development facilities, and clinical monitoring and site management firms.
Michael Chang, the chief executive officer of Sompo's global risk solutions business, commented, “The launch of our new team focused on the life sciences industry builds on our extensive experience serving clients in select industry vertical markets. We are extremely pleased to welcome Todd to lead our life sciences team which has the deep industry knowledge and technical expertise necessary to service the specialized insurance needs of clients in this dynamic sector.”
Mr. Lauer has over 20 years of experience in life sciences underwriting, including positions with OneBeacon, Chubb, and CNA.
Mr. Lauer holds a B.A. in risk management and insurance from Temple University. He reports to Mr. Chang and is based in the company's Chicago office.
Learn more: www.sompo-intl.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].