Sompo International, the Bermudian-based specialty provider of property and casualty insurance and reinsurance, has announced that its UK legal entity Endurance Worldwide Insurance Limited has been awarded the prestigious Chartered Insurer title by the Chartered Insurance Institute.

To date, the company said, only 34 firms have achieved this status, making Sompo International part of a select group of insurers.

Julian James, chief executive officer, international insurance, said: “We are delighted to have achieved such an important milestone. We have taken this step because there is clear evidence that achieving chartered status has tangible business benefits to the companies and the individuals that work in them.

“It tells our customers that they can expect the highest quality of service and demonstrates our commitment to raising standards of knowledge, capability and ethical practice across our business and the industry at large.”

Sian Fisher, chief executive of the London-headquartered Chartered Insurance Institute, said: “Attaining chartered status evidences a firm's dedication to upholding its professional standards and its commitment to a customer-first approach.

“It is recognised by the public and other practitioners as a marque of excellence. Sompo International has achieved Chartered Insurer status by demonstrating ethical behaviour, technical ability and a commitment to providing its employees with ongoing learning.

“At a time when customers are increasingly looking for visible signs of trust, they are to be applauded for embracing professionalism.”

The company said that every firm that holds chartered status adheres to an ethical code that underpins broader commitments to professional values.

These commitments include putting customers’ interests first, investing in continuing development of their people’s technical skills and knowledge, having a diversity and inclusion approach that aligns with the CII code of ethics, and supporting wider initiatives that benefit society as well as the growth of the profession.