John R. Charman

With the evolution of our integrated global Commercial P&C and Retail Insurance platforms, Sompo International represents a unique opportunity to transform and grow the Sompo Holdings Group’s overseas insurance business organically and through acquisition.
During the past fiscal year, we have focused on combining our global resources with local expertise to enhance our capabilities in a number of key geographies and across several lines of business. We continue to find innovative ways to deliver our underwriting expertise and broad product set across our extensive global footprint. Further, with the successful launch of our Retail Insurance platform to complement our Commercial P&C platform, we are proud to play a leading role in our efforts to break new ground, not only in the Japanese market, but also in the insurance industry more broadly.
Our Commercial P&C platform now encompasses all of the Group’s commercial property, casualty, and specialty insurance and reinsurance outside of Japan. Through SI Insurance (Europe) we have successfully integrated Sompo Holdings’ commercial operations across Europe, providing Sompo International with broad European Economic Area insurance capabilities. We also continue to export our technical expertise to new markets around the world through the introduction of new global capabilities such as SomPro, our new platform offering financial and professional lines insurance and reinsurance delivered by industry leading experts around the world.
Our new Retail Insurance platform combines Sompo International’s underwriting capabilities with the broad licensing network of the Group, setting the stage for future growth through the introduction of new products and geographic expansion. Our Retail Insurance centers of excellence enable Sompo International to develop innovative products and services, integrate them within broader consumer distribution ecosystems, and tailor our solutions for each market we serve.
By sharing underwriting, technology, Enterprise Risk Management, and actuarial expertise across our global network, we are strengthening our ability to deliver leading edge products and services to customers around the world.
The foundation of our business transformation is the Sompo Holdings Global Executive Committee, of which Nigel Frudd and I are now members. This new global governance structure is unique among Japanese insurers and brings together diversified and global perspectives to revolutionize our business. In doing so, it ensures strategic alignment between Sompo Holdings and its overseas subsidiaries while also giving our overseas businesses the opportunity to participate more broadly in the operations of the Group. In facilitating collaboration across the Company, the Sompo Holdings Global Executive Committee is helping accelerate our efforts to unify our retail and commercial overseas business under Sompo International, creating a unique integrated platform with greater scale and diversity.