At Sompo Holdings, a significant non-life insurance coverage firm that acquired a enterprise enchancment order from the Financial Services Agency because of the problem of fraudulent insurance coverage claims by Big Motor, its prime administration, Group CEO Kengo Sakurada, will retire on the finish of March and in addition step down as chairman. introduced.
In addition, the president of subsidiary Sompo Japan Insurance Japan, Giichi Shirakawa, can even take accountability and resign on the finish of January, resulting in a significant overhaul of the administration staff.