Sompo names Kenneth Reilly CEO Insurance, Asia Pacific, Daniel Neo to retire
- January 6, 2024
- Posted by: Web workers
- Category: Finance
Sompo, a global provider of commercial and consumer property and casualty re/insurance, has announced the appointment of Kenneth Reilly as Chief Executive Officer (CEO), Insurance, for the Asia Pacific region, succeeding Daniel Neo who is to retire.
In his new role, effective April 1, 2024 and subject to appropriate regulatory and immigration approvals, Reilly will be responsible for all of Sompo’s insurance business across Asia Pacific.
He will continue to report to James Shea, Chief Executive Officer and Executive Chairman for Sompo, and will also retain his current role as Head of Sompo’s Tokyo office.
“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,” Shea commented:
Adding: “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.”
Reilly is taking over the CEO Insurance, Asia Pacific region from Daniel Neo who has announced his desire to retire.
He will remain with Sompo until the end of the year as Senior Strategic Advisor to assist with the transition.
“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,” a Sompo spokesperson stated.
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