Sompo Holdings segregates business into two global divisions

Additionally, key leadership appointments have been made.

Sompo Holdings transferred its business into two global segments: Sompo Property and Casualty (re)insurance (Sompo P&C), and Sompo Wellbeing.

Beginning 1 April, Sompo P&C will integrate Sompo International Holdings Ltd’s insurance and reinsurance business together with its Japan commercial and consumer P&C operations.

James Shea, currently chairman and CEO of Sompo’s global insurance and reinsurance business outside Japan, will lead Sompo P&C as CEO, reporting to Sompo Group CEO Mikio Okumura.

Under the new structure, Koji Ishikawa, CEO of Sompo Japan, will report to Shea.

Also, Kenneth Reilly, CEO of Insurance, Asia Pacific, will take on an expanded role as Deputy CEO of Sompo Japan, Commercial Insurance.

Additionally, Nicolas Burnet will serve as group deputy CFO at Sompo Holdings and CFO for Sompo P&C, overseeing global investment strategy, capital allocation, investor relations, and mergers and acquisitions.