Sompo unveils new insurance CEO to drive Asia Pacific growth
Global property and casualty re/insurer Sompo has shuffled its leadership to fuel further growth of its insurance business in the Asia Pacific region.
Kenneth Reilly (pictured) is appointed as chief executive officer (CEO), insurance, for the Asia Pacific region, subject to regulatory and immigration approvals. He will also retain his current role as head of the Tokyo office, and continue to report to James Shea, chief executive officer and executive chairman for Sompo.
Reilly succeeds Daniel Neo who plans to retire. Neo will remain with Sompo until the end of the year as senior strategic advisor to assist with the transition.
In his new role, Reilly will be responsible for all of Sompo’s insurance business across Asia Pacific.
Reilley will continue to serve as executive vice president of Sompo Holdings, EVP of Sompo International Holdings, and managing executive officer of Sompo Japan Insurance after April 1.
Shea said: “As we invest and further develop our business across the Asia Pacific region it is fundamental to build our team to support our plans for continued growth. With more than 25 years of international experience, covering both commercial and consumer insurance, including time spent in the region, Ken is perfectly placed to oversee and execute our strategic plans in this important region for our insurance business. Having been a pivotal leader in our Tokyo office for almost two years, Ken has demonstrated a commitment to promoting best practices and reinforcing strategic alignment between Sompo and the other Sompo Group insurance companies.”
“Sompo would also like to thank Daniel for his contribution to Sompo and the Asia Pacific region where he has held several leadership roles. He has made a significant impact on the development of both our brand and insurance business in the region and we wish him well in his future endeavours,” the company added.
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