Sompo announced today that Kenneth Reilly has been appointed Chief Executive Officer (CEO), Insurance for Asia Pacific, effective 1 April 2024, pending regulatory approval.
Reilly takes on his new responsibilities while retaining his current role as Head of the insurer’s Tokyo office. He continues to report to James Shea, Chief Executive Officer and Executive Chairman, and will be responsible for all of Sompo’s insurance business across APAC, the insurer said in an announcement.
Reilly succeeds Daniel Neo, who has declared his plans to retire. Neo will continue with the business until the year’s end, aiding with the transition process in the capacity of Senior Strategic Advisor.
Shea commented on the appointment, “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.”
He added that having been a key leader in the insurer’s Tokyo office, Reilly has demonstrated a commitment to promoting best practices and reinforcing strategic alignment between Sompo and the other Sompo Group insurance companies.
In its announcement, Sompo also paid tribute to the outgoing Neo. “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 endeavors,” the announcement said.
