Tokio Marine Holdings Inc. said it has named Senior Managing Director Satoru Komiya, as the next president of the major Japanese insurance company. He will succeed Tsuyoshi Nagano, who will step aside to the post of chairman without the right to represent the firm. Shuzo Sumi, 71-year-old chairman of Tokio Marine Holdings, will retire. Komiya joined Tokio Marine and Fire Insurance, now Tokio Marine & Nichido Fire, in 1983. He took up his current post in June 2018.