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Sompo International names new CEO amid restructure

19th November 2019 - Author: Charlie Wood

Sompo Holdings is to transfer all overseas group companies under Sompo International Holdings by 2020 and will appoint Mikio Okumura to oversee the strategy’s execution as Chief Executive Officer.

Sompo International This move is designed to establish a more integrated global platform and expand overseas business.

Once this integration is completed, Sompo Holdings says SIH’s expected role will increase significantly.

Currently group Chief Strategy Officer, Okumura’s appointment as SIH CEO is effective January 1.

Reporting to John Charman, CEO of Sompo Holdings Overseas Insurance and Reinsurance Business and Chairman of SIH, Okumura succeeds Nigel Frudd.

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Frudd will continue to lead overseas M&A for the Sompo Group and will also act as a special advisor to Sompo Group CEO, Kengo Sakurada.

“I am delighted to welcome Okumura-san as CEO of Sompo International Holdings,” said Charman.

“Having worked very closely with him as a Non-Executive Director of SIH and together as members of the Sompo Holdings Group global executive committee over the last year, I have been impressed by his demonstrated leadership, global experience and what he has been able to accomplish throughout his career.

“I look forward to working with him as we continue to grow and develop SIH’s extensive, global insurance and reinsurance platforms,” added Charman.

“I would also like to thank Nigel for his contributions to SIH over the last two and a half years. I am looking forward to continuing to work with him as a member of the Sompo Holdings Group Global Executive Committee and in his new role as Special Advisor to the Sompo Group CEO.

“I wish him much success as we continue to grow and transform Sompo Holdings Group.”

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