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Sompo adds C-suite pay cuts in ongoing response to auto claims fraud

Sompo adds C-suite pay cuts in ongoing response to auto claims fraud
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Sompo CEO to step down over Bigmotor insurance fraud scandal

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… ....

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TOKYO (Kyodo) Major Japanese insurance firm Sompo Holdings CEO Kengo Sakurada said Friday he will step down at the end of March to take responsibil ....

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Sompo CEO to step down over Bigmotor insurance fraud scandal

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. ....

Japan , Tokyo , Japanese , Kengo-sakurada , Mikio-okumura , Giichi-shirakawa , Bigmotor-co , Financial-services-agency , Sompo-holdings , Sompo-holdings-inc , Sompo-japan-insurance-inc , Major-japanese

Panel raps Sompo Japan's resumption of business with Bigmotor

The report said the resumption of business was caused by concerns among Sompo Japan execs about possibly losing deals with Bigmotor to rivals. ....

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