Sompo has appointed Alasdair Walker as the brand new CEO of Sompo Hong Kong, marking a management change in its industrial P&C (property and casualty) insurance coverage enterprise.
Walker will take over from Li Sheung Kin, who’s to retire.
Li Sheung Kin has been with Sompo Hong Kong for twenty-four years, holding numerous management roles all through his tenure.
Li has served as CEO since 2016 and performed a vital function in enhancing the corporate’s operations within the area.
To make sure a easy transition, he’ll stay with Sompo Hong Kong till the tip of 2025.
Alasdair Walker’s appointment is topic to native regulatory and immigration approvals.
He’ll concentrate on driving profitability and enhancing the capabilities of Sompo Hong Kong as a key industrial enterprise hub in Asia Pacific.
Walker joined Sompo in 2023, having held senior roles at main worldwide carriers.
His earlier roles included positions in London, Johannesburg and Singapore, the place he served as regional head of distribution.
In his new function, he’ll report back to Sompo Asia Pacific Insurance coverage CEO and Sompo Japan Business Insurance coverage deputy CEO Kenneth Reilly.
Reilly acknowledged: “I need to lengthen my heartfelt because of SK for his years of dedication and important contributions to Sompo. We want him the easiest in his future endeavours.
“I’m additionally happy to welcome Alasdair to the Hong Kong and Asia Pacific management groups. With 15 years of worldwide insurance coverage expertise throughout three continents in each underwriting and distribution, Alasdair is completely positioned to supervise and execute our strategic plans on this vital area for our insurance coverage enterprise.”
