Commercial and consumer property and casualty re/insurance provider Sompo has announced the appointment of Maya Dongyoung Lee (pictured above) as chief operating officer (COO) for the Asia Pacific (APAC) region, effective immediately.
In her new role, Lee will oversee Sompo’s operations across APAC, focusing on operational excellence, transformation, and project management. She will also be responsible for building Sompo’s operational footprint in the region and leading talent development and capability-building efforts.
Lee will report to Daniel Englberger, chief operating officer of Sompo International Holdings, and Kenneth Reilly, chief executive officer, Insurance, APAC. She will join the APAC executive team and will be based in Singapore.
“Maya is an outstanding hire for Sompo. Her exceptional track record for leading organizational change at several global businesses makes her perfectly placed to develop and execute the next stage of the operations and transformation strategy in our APAC region,” Englberger said.
“I am excited to welcome Maya to our APAC leadership team,” Reilly said. “She brings with her a wealth of global experience both from a consulting and insurance industry perspective. I am confident Maya will drive operational effectiveness and excellence, as well as process architecture governance across our entire APAC business.”
Lee comes to Sompo from Manulife, and she has previously held roles at PwC and MetLife, where she led various transformation initiatives. She holds a master of business administration from Yonsei University.
In other recent developments, Sompo Holdings has reported a 20% increase in net attributable income for the quarter ending June 30, reaching ¥120.04 billion ($818.2 million).
In the first quarter of the fiscal year, property and casualty net premiums written grew to ¥1.22 trillion, which is up from ¥1.14 trillion compared to last year. Additionally, life insurance net premiums also grew from ¥75.47 billion to ¥75.99 billion.
What are your thoughts on this story? Please feel free to share your comments below.
