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Monday, April 15, 2024

Sompo names new CEO for APAC insurance coverage enterprise

Sompo has appointed Kenneth Reilly because the CEO for its insurance coverage operations within the Asia-Pacific area, changing Daniel Neo, who has expressed his intention to retire.

Reilly takes on the brand new accountability from 1 April 2024, whereas persevering with to serve in his present position of Sompo’s Tokyo workplace head.

Within the new place, which is pending regulatory and immigration approvals, Reilly will handle all of Sompo’s insurance coverage operations throughout the Asia-Pacific area.

He’ll report back to the corporate’s international CEO and govt chairman, James Shea.

To make sure a clean transition, Neo will proceed to function senior strategic advisor till the top of the yr.

Commenting on the appointment, Shea said: “With greater than 25 years of worldwide expertise, overlaying each business and shopper insurance coverage, together with time spent within the area, Ken is completely positioned to supervise and execute our strategic plans on this necessary area for our insurance coverage enterprise.

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“Having been a pivotal chief in our Tokyo workplace for nearly two years, Ken has demonstrated a dedication to selling finest practices and reinforcing strategic alignment between Sompo and the opposite Sompo Group insurance coverage firms.”

Moreover, Sompo expressed gratitude to Neo for his contributions to the corporate, acknowledging his position in creating the Asia-Pacific enterprise.

Sompo presents business and shopper property, casualty and specialty insurance coverage and reinsurance providers. 

Lately, the corporate has made a number of management modifications in Asia-Pacific.

These embrace the appointments of Alasdair Walker because the regional head of distribution insurance coverage for Asia-Pacific, Vicky Sarjeant because the area’s new head of vitality insurance coverage and Emily Poh because the new head {of professional} strains insurance coverage within the area.

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