Tokio Marine hires new global business development exec as Koga steps down

Tokio Marine Holdings has appointed Yoshihiko Shima as managing executive officer and general manager for international business.

Shima will replace Hisanobu Koga, who has resigned with effect from March 31, 2021.

Tokio Marine also announced that its board of directors has approved the introduction of a new stock-based compensation system for its directors and executive officers. The system is designed to better align the interests of executives with shareholders by exposing compensation levels to share price fluctuations.

A proposal to adopt the new system will be introduced to shareholders.

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