Sompo International Holdings Ltd. is launching a retail platform designed to integrate all the operations of Sompo Holdings Inc. outside Japan.

Sompo Holdings has 45 licensed entities spanning 32 countries throughout Europe, North and South America, Asia and Oceania, the Middle East and Africa. Plans call for bringing all international businesses outside Japan under the ownership of Sompo International by 2020.

Sompo International is a Bermuda-based specialty provider of property/casualty insurance and reinsurance.

Sompo International has recently completed the integration of the business operations and staff of Sompo America; the integration of Sompo Japan Nipponkoa Insurance Co. of Europe Ltd. will be completed shortly.

Sompo International’s new retail platform reflects the different business and operational needs of its current commercial property/casualty business and the Sompo Holdings’ overseas retail businesses, according to a statement.

Sompo Holdings said the new retail platform will benefit the company’s global retail businesses by sharing expertise across countries and collaborating on the development of future products and underwriting models.

Sompo International has established a new Sompo International Retail executive team, which is central to successfully developing a global retail business to complement its existing P/C business, the company’s statement said, noting that the Sompo International board of directors will have operational oversight and provide strategy for both divisions operating through their respective executive teams.

The new Sompo International Retail executive team is:

  • John Charman – chairman and CEO, Sompo International
  • Nigel Frudd – chief strategy officer, Sompo International
  • Recai Dalas – chief executive officer & director, Sompo Japan Sigorta
  • Francisco Caiuby Vidigal Filho – chief executive officer & director, Sompo Seguros S.A.
  • Yuji Kawauchi – president/managing director, Sompo Holdings (Asia)
  • Katsuyuki Tajiri – executive officer, Sompo Holdings

The P/C executive team remains unchanged, the company said.

Source: Sompo International