Marsh & McLennan Agency (MMA), in partnership with Sompo International Holdings Ltd., today announced the launch of a new customizable insurance solution for commercial real estate owners of all asset sizes and classes.
The MMA Select Commercial Insurance Program delivers industry-specific underwriting, claims, and risk control expertise for Commercial Real Estate firms including office, retail and industrial customers in addition to warehouses, data centers and self-storage facilities. The flexible policy structure can include incidental hotel and habitational properties for the primary lines of coverage in diversified portfolios. Available coverage includes property, general liability, umbrella, workers compensation, environmental, commercial auto and parametric weather risk protection.
“In these times of uncertainty, owners and managers are seeking stable risk partners who understand the unique challenges inherent to each segment of the Real Estate industry,” said Denise Perlman, Executive Vice President of Business Insurance & National Partnerships at MMA . “We are thrilled to partner with Sompo GRS to offer real estate owners a comprehensive set of resources for navigating the volatility of today’s market with a broad range of coverages, competitive pricing, and a simplified approach to insurance and risk management.”
Michael Chang, CEO of Sompo Global Risk Solutions commented, “We are pleased to collaborate with Marsh & McLennan Agency to offer this multiline solution tailored specifically for commercial real estate owners. This program leverages Sompo International’s technical and multi-line capabilities, financial strength and deep expertise within the real estate industry vertical.”