19 November 2019Operations

Sompo International appoints new CEO

Sompo International Holdings (SIH) has named Mikio Okumura as its new chief executive officer, effective on January 1.

Okumura also becomes executive director of SIH and will relocate to the group's office in New York, subject to immigration approval. He will report to John Charman, CEO of Sompo Holdings’ overseas insurance and reinsurance business, and chairman of SIH.

He succeeds Nigel Frudd, who retains oversight of overseas M&A for the Sompo Group, and will act as a special advisor to the Sompo Group CEO, Kengo Sakurada, with effect from April 1, 2020.

Okumura is currently Sompo Group’s chief strategy officer, an executive officer of Sompo Holdings and a non-executive director of SIH. He previously served as the CEO of Sompo Group’s nursing care and healthcare business in Japan from April 2016 until March 2019.

The appointment is subject to regulatory approvals.

Charman praised Okumura’s leadership and global experience, and promised they would work together to “grow and develop SIH’s extensive, global insurance and reinsurance platforms.”