Sompo announces leadership reshuffle

Sompo announces leadership reshuffle | Insurance Business Asia

Insurance News

Sompo announces leadership reshuffle

Company gears up for APAC expansion

Insurance News

By
Roxanne Libatique

Sompo has announced the appointment of Kenneth Reilly (pictured) as the new chief executive officer for its insurance segment in the APAC region.

This appointment is contingent upon receiving all necessary regulatory and immigration permissions. Reilly will also continue in his role as the head of Sompo’s office in Tokyo.

Sompo’s new CEO for insurance in the APAC region

Effective from April 1, Reilly took over the responsibilities from Daniel Neo, who has expressed his intention to retire. To ensure a seamless transition, Neo will remain with the company until the end of the year, serving as a senior strategic advisor.

In his new role, Reilly oversees the entirety of Sompo’s insurance operations across the APAC region. This move is part of Sompo’s broader strategy to deepen its business footprint and drive growth within this critical market.

Sompo’s expansion plans

James Shea, CEO and executive chairman of Sompo, elaborated on the strategic significance of the APAC region to the company’s expansion plans.

“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,” he said.