Sompo Japan Nipponkoa Insurance
In December 2022, the heirs to the Jewish banker and art collector Paul von Mendelsohn-Bartholdly filed suit in Chicago to reclaim the Van Gogh, alleging that the insurance company ignored the Holocaust-linked history of the painting during its acquisition in 1987.[8] After the Financial Services Agency ordered Sompo Japan to improve managerial practices in the wake of the scandal, President Giichi Shirakawa resigned on 26 January 2024, and CEO Kengo Sakurada stepped down in March 2024.[9] Sompo Japan Nipponkoa has offices and subsidiaries in 28 countries, providing insurance services and risk management.Sompo Japan has been serving clients in Europe for about 50 years with offices in the United Kingdom, Belgium, France, Germany, Italy, the Netherlands, Spain and Turkey.In April 2014, Sompo concluded the purchase of specialist Lloyd's of London market company Canopius Group for £594m.In South America, Sompo Japan's main base of operations is its subsidiary in Brazil, Yasuda Seguros S.A., established in 1958.