Sompo Holdings' Kengo Sakurada is planning to step down as CEO at the end of March, over automobile insurance fraud at used-car dealer Bigmotor, ahead of expected business improvement orders from the Financial Services Agency to the firm and its subsidiary. https://www.japantimes.co.jp/business/2024/01/23/companies/japan-sompo-ceo-resignation/?utm_content=buffer1da24&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #sompo #insurance #bigmotor #fraud
Sompo Holdings' CEO to resign over handling of Bigmotor wrongdoing

The Financial Services Agency has ended its on-site inspections of Sompo Holdings and Sompo Japan and is expected to issue business improvement orders.

The Japan Times