TOKYO -- Sompo Holdings Chairman and Group CEO Kengo Sakurada will step down at the end of March over subsidiary Sompo Japan Insurance's ties to embattled used-car dealer Bigmotor, Nikkei learned Monday, as the group seeks a fresh start under new leadership.
Insurance
Chief of Japan's Sompo Holdings to resign over insurance scandal
Financial watchdog to issue improvement order in wake of fraudulent Bigmotor claims
Sompo Holdings Chairman and Group CEO Kengo Sakurada will not take the customary advisory role after stepping down. (Photo by Yuki Nakao)
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