Sompo has appointed Alasdair Walker as the new CEO of Sompo Hong Kong, marking a leadership change in its commercial P&C (property and casualty) insurance business.
Walker will take over from Li Sheung Kin, who is to retire.
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Li Sheung Kin has been with Sompo Hong Kong for 24 years, holding various leadership roles throughout his tenure.
Li has served as CEO since 2016 and played a crucial role in enhancing the company’s operations in the region.
To ensure a smooth transition, he will remain with Sompo Hong Kong until the end of 2025.
Alasdair Walker’s appointment is subject to local regulatory and immigration approvals.
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By GlobalDataHe will focus on driving profitability and enhancing the capabilities of Sompo Hong Kong as a key commercial business hub in Asia Pacific.
Walker joined Sompo in 2023, having held senior roles at major international carriers.
His previous roles included positions in London, Johannesburg and Singapore, where he served as regional head of distribution.
In his new role, he will report to Sompo Asia Pacific Insurance CEO and Sompo Japan Commercial Insurance deputy CEO Kenneth Reilly.
Reilly stated: “I want to extend my heartfelt thanks to SK for his years of dedication and significant contributions to Sompo. We wish him the very best in his future endeavours.
“I am also pleased to welcome Alasdair to the Hong Kong and Asia Pacific leadership teams. With 15 years of international insurance experience across three continents in both underwriting and distribution, Alasdair is perfectly placed to oversee and execute our strategic plans in this important region for our insurance business.”
