Sompo International Holdings Ltd. has completed the transfer of the Sompo America companies to Sompo International Holdings and has integrated Sompo America's business operations and staff into the Sompo International Insurance platform.
Commercial property, casualty and specialty products for Japanese interest accounts will be managed by the Sompo Global Risk Solutions platform, under the supervision of Michael Chang, CEO of Sompo Global Risk Solutions. Lisa Davis, executive vice president and president of U.S. Japanese interest accounts, will continue to lead its customer segment.
Locally sourced and written non-Japanese accounts and certain specialty lines of business currently written by Sompo America will be integrated into Sompo International's U.S. insurance operation, which is led by Chris Sparro, CEO of U.S. insurance.
The transfer of Sompo Japan Nipponkoa Insurance Co. of Europe Ltd. and their integration with Sompo International Holdings is planned for the second quarter.