Sompo International appoints chief executive officer

Sompo International Holdings (SIH), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Mikio Okumura as its chief executive officer, effective on January 1st, 2020 subject to regulatory approvals.

Reporting to John Charman, CEO of Sompo Holdings overseas insurance and reinsurance business and chairman of SIH, 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 Sompo Group CEO, Kengo Sakurada, on other critical global issues with effect from April 1 2020.

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 1st, 2020 and intends to relocate to SIH’s offices in New York City subject to immigration approval.

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

“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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