Sompo announces leadership changes for its Hong Kong Commercial P&C Insurance business

Core Points - Sompo Hong Kong announces leadership changes with Li Sheung Kin retiring as CEO and Alasdair Walker appointed as his successor [1][2][3] Group 1: Leadership Transition - Li Sheung Kin has served as CEO since 2016 and will remain until the end of 2025 to ensure a smooth transition [2] - Alasdair Walker, who joined Sompo in 2023, will take over as CEO, focusing on profitability and capabilities in the Asia Pacific region [3][4] - Kenneth Reilly, CEO of Insurance, Asia Pacific, will oversee Walker's role [3][5] Group 2: Background of New CEO - Alasdair Walker has 15 years of international insurance experience across three continents, previously holding positions in London, Johannesburg, and Singapore [4][5] - His expertise includes both underwriting and distribution, positioning him well to execute strategic plans for Sompo Hong Kong [5] Group 3: Company Overview - Sompo is a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance, with a workforce of approximately 9,500 [6] - The company is part of Sompo Holdings, Inc., which has a strong financial rating of A+ from A.M. Best and Standard & Poor's [7]