Leadership Changes at Sompo's Hong Kong Insurance Business
Sompo, a renowned global leader in commercial and consumer property and casualty (re)insurance, has made significant leadership changes within its Commercial P&C Insurance business in Hong Kong.
Transition of Leadership Roles
Mr. Li Sheung Kin (S.K.), who has served as the Chief Executive Officer (CEO) of Sompo Insurance (Hong Kong) Co., Ltd., is set to retire. Over his 24-year tenure at Sompo Hong Kong, Mr. Li has held multiple leadership positions, culminating in his appointment as CEO in 2016. His leadership has been critical in bolstering Sompo's presence in the Hong Kong market. To ensure a smooth transition, he will remain with the company until the end of 2025.
Introducing Alasdair Walker
Taking the reins from Mr. Li, Alasdair Walker has been appointed as the new CEO of Sompo Hong Kong, pending regulatory approval. With extensive international experience, Mr. Walker is prepared to enhance profitability and further develop the company's capabilities as a vital commercial hub in the Asia Pacific region. He will report directly to Kenneth Reilly, who serves as the CEO of Insurance in Asia Pacific and Deputy CEO of Commercial Insurance at Sompo Japan.
Alasdair Walker's Background
Joining Sompo in 2023, Mr. Walker brought substantial expertise from a previous tenure at another major international insurer, where he held various roles across London, Johannesburg, and Singapore, including Regional Head of Distribution.
Acknowledgment of Mr. Li's Contributions
Mr. Reilly expressed his gratitude toward Mr. Li for his unwavering dedication and impactful contributions to Sompo over the years. His leadership has been instrumental, and the company wishes him all the best as he moves forward into his next chapter. Additionally, Mr. Reilly welcomed Mr. Walker to the leadership team, emphasizing his wealth of international insurance experience, which positions him well for overseeing Sompo's strategic initiatives in the Asia Pacific region.
About Sompo
At Sompo, we pride ourselves on being a comprehensive provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Backed by 135 years of innovative practices from our parent company, Sompo Holdings, Inc., we employ around 9,500 professionals globally, leveraging their expertise to address and simplify complex challenges for our clients. Choosing Sompo means choosing The Ease of Expertise.
Corporate Overview
Operating under the brand name Sompo, Sompo International Holdings Ltd. is a Bermuda-based holding company that manages our global property and casualty (re)insurance operations. This company, which is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., holds a strong position in the property and casualty insurance market, recognized for its robustness with ratings of A+ (Superior) from A.M. Best and A+ (Strong) from Standard & Poor’s. Sompo Holdings, Inc. is publicly listed on the Tokyo Stock Exchange, reflecting its commitment to financial strength and stability.
Stay Connected
We invite you to follow us on LinkedIn or visit sompo-asia.com for more information.
Contact Details
Sompo Contacts
Candida Lee
Vice President, Communications, Asia Pacific
M: +65 8318 7805
E: calee@sompo-intl.com
Mike Jones
Global Head of Media Relations
M: +44 7765 901899
E: mijones@sompo-intl.com
Frequently Asked Questions
What prompted the leadership changes at Sompo?
The changes were part of a strategic decision to enhance leadership and ensure continued growth in the Hong Kong Commercial P&C Insurance business.
Who is Alasdair Walker?
Alasdair Walker is the newly appointed CEO of Sompo Hong Kong, bringing extensive international insurance experience to the role.
How long has S.K. Li been with the company?
S.K. Li has dedicated 24 years to Sompo, and he has played a significant role in its growth in Hong Kong.
What is Sompo's global presence?
Sompo operates worldwide, employing approximately 9,500 individuals dedicated to providing innovative insurance solutions.
How can clients reach Sompo for inquiries?
Clients can contact Sompo representatives via the provided contact details for further inquiries or assistance.
