Sompo appoints new CEO of Mexico to lead profitable growth

Sompo Global Risk Solutions (GRS), a part of Bermuda-based property and casualty re/insurer Sompo International Holdings, has named Ismael Lopez CEO of Sompo Mexico.

Lopez succeeds Junji Hisano who has transitioned to a new role as chief client officer.

Lopez has more than 30 years of experience in the non-life insurance sector focused on underwriting, reinsurance and corporate governance. He joined Sompo Seguros Mexico in 1997 as technical director, responsible for handling local, regional and global programs for Sompo in Mexico and across Latin America. His role has continued to expand, particularly following the enhancement of Sompo GRS’s capabilities in Mexico with the addition of a new team focused on serving clients in select industry verticals last year.

Hisano will continue to serve as a key member of the Sompo Mexico leadership team in his new role as chief client officer, responsible for client relationships across Mexico and Latin America. Hisano has served as president and CEO of Sompo Mexico since 2016.

Lopez will report to Lisa Davis, executive vice president of Sompo Global Risk Solutions, who said: “Ismael and Hisano-san have worked together for many years to grow Sompo Mexico from a focused operation dedicated to serving Japanese and South Korean clients to a more full-featured provider able to meet the needs of clients across a broad range of industry verticals. We are thrilled they will both continue to lead Sompo Mexico’s profitable growth in the future and wish them continued success in their new roles.”

Michael Chang, chief executive officer of Sompo Global Risk Solutions added: “The ongoing growth and profitable expansion of our business in Mexico continues to create new opportunities for our clients as well as our team members. We are excited to have Ismael take on these additional responsibilities as part of the Sompo GRS senior management team and for Hisano-san to continue to serve as a key point of contact for our clients in the region. Sompo GRS is known for having great people who deliver white glove service to our clients and brokers and I look forward to Ismael and Hisano-san continuing to work together to expand our business in Mexico and throughout Latin America. I wish them all the best in their new roles.”

Sompo Seguros Mexico, a Sompo International subsidiary, has traditionally focused on Asian-domiciled clients with operations in Mexico. The company recently expanded on these capabilities to offer Mexico-based clients in the real estate, hospitality, financial institutions, professional services and life sciences industries a full suite of products, including package, property, general liability, umbrella and environmental.