Tokio Marine Kiln, a leading specialty insurer, has announced the appointment of a new CEO to drive the firm’s international growth ambitions.
Matthew Shaw is set to take the reins, effective from 1 April, succeeding Brad Irick who will assume the role of Co-Head of International Business for Tokio Marine Group, the parent company of Tokio Marine Kiln.
Shaw’s appointment comes amidst a strategic shift to drive international growth ambitions – his extensive experience and proven track record in the insurance industry is set to help the company to navigate the evolving landscape of risks and opportunities.
Commenting on his appointment as CEO, Shaw said, “I’m delighted to be taking up the role as CEO during one of the most pivotal times for our industry. Our clients are facing a new generation of risk and volatility, with novel technology and approaches challenging the status quo and presenting exciting opportunities.
“Building on our proven strategy and the experience and expertise we’ve gained from 60 years in business, the next phase for TMK is about focusing on our future vision, creating opportunities and embracing new ways of solving old problems. Vivek is a forward-thinking and exceptional leader whose solid experience in our industry and unique perspective will enable him to propel our underwriting strategy forward and ensure our continued success.”
Chris Williams, Chairman of Tokio Marine Kiln Group Limited, said, “Brad, Matthew, and the executive team have done a tremendous job of leading Tokio Marine Kiln and executing on a strategy that has consistently delivered outstanding results. I have every confidence that its success will continue to strengthen under Matthew’s leadership, and with the support of the whole business.
“Brad and I have worked together for many years, and I couldn’t be more pleased to see him succeed me as I take on the role of Chairman of Tokio Marine Holdings’ International Business. He is a proven leader and I know he will be instrumental in helping Tokio Marine chart the course of the international business into the future,” he continued.
Incoming Co-Head of International Business for Tokio Marine Group, Brad Irick added, “It has been an honour to lead Tokio Marine Kiln for the past four years. TMK’s success lies in the strength and commitment of our people, who have individually and collectively inspired, challenged and motivated me every day to ensure TMK is a business that can perform and benefit our customers, our people and society in any business environment.
As part of the leadership transition, Vivek Syal, the current Chief Risk Officer of Tokio Marine Kiln, will be appointed as the Chief Underwriting Officer. These changes reflect the company’s commitment to fostering talent and ensuring a seamless transition in leadership to sustain its growth trajectory.
Tokio Marine Kiln is a leading specialty insurer known for its consistent profitability and people-centric approach. With a focus on performance and culture, the company has achieved remarkable success as one of the largest and highest-performing insurers at Lloyd’s.
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