Sompo repositions global business segments

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class="post-meta-date"> <i class="fa fa-calendar"></i>2025-02-17</time> </div> <div class="entry-main"> <div class="entry-content"> <p>Sompo Holdings has announced the repositioning of its business into two global segments: Sompo Property and Casualty re/insurance (Sompo P&C) and Sompo Wellbeing.<br /> <br /> Effective 1st April, Sompo P&C will integrate the carrier’s insurance and reinsurance businesses together with its Japan commercial and consumer property and casualty operations. <br /> <br /> The segment will be led by James Shea, currently chairman and CEO of Sompo’s global insurance and reinsurance business outside of Japan. Shea will become CEO, Sompo P&C, continuing to report to Sompo Group CEO Mikio Okumura. He will also continue in his current role running the Overseas Insurance and Reinsurance business.<br /> <br /> Sompo Wellbeing covers its life insurance business, Sompo Himawari Life Insurance, and its nursing services business in Japan, Sompo Care. <br /> <br /> Mikio Okumura said: “Sompo Group is taking the next step towards our goal of becoming a truly global financial institution born in Japan. By creating our Sompo P&C and Sompo Wellbeing global business segments, we will deliver a sustainable platform that meets the needs of all our stakeholders.<br /> <br /> James Shea added: “This structural change is part of our ongoing evolution to remain resilient amid economic changes. 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Sompo repositions global business segments - CIR Magazine