View this article online: https://www.insurancejournal.com/news/international/2019/11/19/548947.htm
Sompo International Holdings (SIH), a Bermuda-based specialty provider of property/casualty insurance and reinsurance, announced that Mikio Okumura will be appointed chief executive officer effective on January 1, 2020 subject to regulatory approvals.
Okumura is succeeding Nigel Frudd, who will still be responsible for Overseas M&A for the Sompo Group and will also act as a special advisor to the Kengo Sakurada, Sompo Group CEO.
Okumura will report to John Charman, CEO of Sompo Holdings Overseas Insurance and Reinsurance Business, and chairman of SIH.
Okumura currently serves as Sompo Group’s Chief Strategy Officer, is an executive officer of Sompo Holdings and is a non-executive director of SIH having previously served as the CEO of Sompo Group’s Nursing Care and Healthcare business in Japan from April 1, 2016 until March 31, 2019. In his new role, Okumura will be also be appointed an executive director of SIH effective on January 1, 2020 and intends to relocate to SIH’s offices in New York City subject to immigration approval.
Okumura currently serves as Sompo Group’s Chief Strategy Officer, is an executive officer of Sompo Holdings and is a non-executive director of SIH having previously served as the CEO of Sompo Group’s Nursing Care and Healthcare business in Japan from April 1, 2016 until March 31, 2019. In his new role, Okumura will be also be appointed an executive director of SIH effective on January 1, 2020 and intends to relocate to SIH’s offices in New York City subject to immigration approval.
Through its operating subsidiaries, Sompo International writes agriculture, professional lines, property, marine, energy, casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk and specialty lines of reinsurance.