Sompo Canopius exits food and drink recall

Sompo Canopius has withdrawn from the food and beverage product
recall market globally, The Insurance
Insider understands.
The carrier will still maintain a position in the automotive
product recall insurance market, sources told this publication.
The food and beverage product recall market is entering what
some sources have described as a "perfect storm", as new
entrants have flooded the space with capacity in their search for
diversification.
Increased competition has led to broader coverage,