Bermuda based Sompo International Holdings (SIH) announced the appointment of Mikio Okumura as chief executive officer of Sompo International Holdings Ltd, effective 1 January 2020 subject to regulatory approvals.
Okumura will report to John Charman, CEO of Sompo Holdings Overseas Insurance and Reinsurance Business and Chairman of SIH. He will succeed 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 1st of April 2020.
He currently serves as Sompo Group’s chief strategy officer, is an executive officer of Sompo Holdings and is a non-executive director of SIH. In his new role, Okumura will also be appointed an executive director of SIH, effective 1 January 2020.
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.”