Mikio Okumura will report to John Charman at the Bermuda reinsurer

Sompo International Holdings (SIH) has appointed Mikio Okumura as CEO.

Okumura will report to John Charman, SIH’s chairman and CEO of Sompo Holdings Overseas Insurance and Reinsurance Business.

The appointment at the Bermuda re/insurer is effective from 1 January 2020 subject to regulatory approvals.

Okumura currently serves as Sompo Group’s chief strategy officer at the parent company’s offices in Japan.

He succeeds Nigel Frudd who will still be responsible for overseas M&A for the Sompo Group.

Frudd will also act as a special advisor to Sompo Group CEO Kengo Sakurada from 1 April 2020.

“I am delighted to welcome Okumura-san as CEO of Sompo International Holdings,” Charman said.

“Having worked very closely with him as a Non-Executive Director of SIH and together as members of the Sompo Holdings Group global executive committee over the last year, I have been impressed by his demonstrated leadership, global experience and what he has been able to accomplish throughout his career,” he commented.

“I look forward to working with him as we continue to grow and develop SIH’s extensive, global insurance and reinsurance platforms.

“I would also like to thank Nigel for his contributions to SIH over the last two and a half years. I am looking forward to continuing to work with him…I wish him much success as we continue to grow and transform Sompo Holdings Group.”