Commercial insurer Sompo Hong Kong has named Alasdair Walker as its next Chief Executive Officer, the business announced on Tuesday, subject to regulatory approvals.
Walker will succeed Li Sheung Kin, who is set to retire from the post after a 24-year career with Sompo and having been appointed CEO in 2016. Li will remain with the business until the end of 2025 to ensure a smooth transition.
Walker has been with Sompo International for nearly two years, serving as Regional Head of Distribution for APAC. Prior to joining the business, he worked at Allianz Global Corporate & Specialty for 12 years.
In his new role, Walker will “be responsible for driving Sompo Hong Kong’s profitability and capabilities as a key commercial business hub in the Asia Pacific region.” He will report to Kenneth Reilly, CEO, Insurance, Asia Pacific, and Deputy CEO, Commercial Insurance, Sompo Japan.
Reilly, welcoming the appointment, said: “I am also pleased to welcome Alasdair to the Hong Kong and Asia Pacific leadership teams. With 15 years of international insurance experience across three continents in both underwriting and distribution, Alasdair is perfectly placed to oversee and execute our strategic plans in this important region for our insurance business.”
This personnel shift follows a series of appointments by the business in May, including David Chau as SVP, Head of Project Management Office for APAC, and Wei Beng Toh as Assistant Vice President, Operational Excellence, Asia Pacific.
