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International

Sompo chief to resign over insurance fraud at Bigmotor

January 24, 2024 Reprints

Kengo Sakurada, chairman and group chief executive at Japan-based insurance company Sompo Holdings, Inc., is planning to resign at the end of March over a high-profile insurance scandal at used car dealer Bigmotor Co., Asia Insurance Review reported citing Jiji Press. Bigmotor is accused of inflating insurance claims for bodywork and repairs in collusion with insurers.

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Sompo chief to resign over insurance fraud at Bigmotor

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