Sompo International Holdings Ltd. (SIH) has appointed a new chief executive officer. The global specialty provider of property and casualty insurance and reinsurance today announced that Mikio Okumura will take the leadership reins on January 01, 2020, subject to regulatory approval.
Okumara currently serves as chief strategy officer of Sompo Group, is an executive officer of Sompo Holdings and a non-executive director of SIH, having previously served as CEO of Sompo Group’s Nursing Care and Healthcare business in Japan from April 01, 2016 until March 31, 2019.
In his new role as CEO of SIH, Okumara will report to John Charman, chairman of SIH and CEO of Sompo Holdings Overseas Insurance and Reinsurance Business. He will be appointed an executive director of SIH effective on January 01, 2020 and intends to relocate to SIH’s offices in New York City subject to immigration approval.
“I’m delighted to welcome Okumura-san as CEO of Sompo International Holdings,” said Charman. “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.”
Okumura succeeds Nigel Frudd in the CEO role. Frudd will maintain responsibility for Overseas M&A for the Sompo Group, and as of April 01, 2020, will also act as a special advisor to the Sompo Group CEO, Kengo Sakurada on other critical global issues.
Charman added: “I would also like to thank Nigel for his contributions to SIH over the last two and a half years. I’m 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.”