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Major Japanese insurance firm Sompo Holdings Inc CEO Kengo Sakurada said Friday he will step down at the end of March to take responsibility for the company's involvement in used car dealer Bigmotor Co's insurance fraud scandal. The announcement comes after Japan's financial watchdog ordered Sompo on Thursday to improve…
Major Japanese insurance firm Sompo Holdings Inc. CEO Kengo Sakurada says he will step down at the end of March to take responsibility for the company's involvement in used car dealer Bigmotor Co.'s insurance fraud scandal.