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“one of the nation’s leading specialists exclusively focused on workers’ compensation insurance,” by one of its U.S. subsidiaries. The transaction is subject to certain regulatory and other customary closing conditions.

Service Insurance Companies brings together a “differentiated distribution platform,” claims capabilities, and a complementary focus on the small and medium-sized enterprise segment. This acquisition creates a “compelling opportunity” to broaden Sompo’s underwriting capabilities and presence across products, customer segments and distribution channels within the attractive SME market and General Agents marketplace.

In 2025, Service Insurance Holdings subsidiaries Service American Insurance Company and Service Lloyds Insurance Company reported ~$300 million in written premiums.

“Together with Service Insurance Companies’ seasoned leadership team and proven workers’ compensation platform, Sompo is establishing a top-tier flagship for our workers’ compensation business. This brings a tremendous opportunity to deliver even greater long-term value to our clients, distribution partners and stakeholders – further advancing our differentiated position in the U.S. commercial insurance market.” – Chris Sparro, Chief Executive Officer, North America, Sompo Commercial P&C Insurance.

“We are thrilled at the opportunity to align with Sompo’s North America leadership team, financial support and strong market presence. Together with Sompo, Service Insurance Companies is better positioned to extend the reach from a monoline workers’ compensation provider into a diversified commercial insurance organization with enhanced scale, capabilities and amplified market relevance.” – Brad Davis, President of Service Insurance Companies.