Sompo International Holdings Ltd. ("SIH"), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has announced that Mikio Okumura will be appointed chief executive officer of Sompo International Holdings Ltd. effective January 1, 2020, subject to regulatory approvals.
Reporting to John Charman, the chief executive officer of Sompo Holdings overseas insurance and reinsurance business and chair of SIH, Mr. Okumura is succeeding Nigel Frudd, who still will be responsible for overseas mergers and acquisitions for the Sompo Group and who also will act as a special advisor to the Sompo Group chief executive officer, Kengo Sakurada on other global issues effective April 1, 2020.
Mr. 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 chief executive officer of Sompo Group's nursing care and healthcare business in Japan from April 1, 2016 until March 31, 2019. In his new role, Mr. Okumura also will 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.
Mr. Charman commented, "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."
Learn more: www.sompo-intl.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].