Tokio Marine plots major M&A push with restructure and leadership moves

Tokio Marine HCC International (TMHCCI) has reshuffled its transaction risk insurance division as it aims to capitalise on the “unprecedented” mergers and acquisition (M&A) activity across the global markets.

The transaction risk insurance has been split into two units - TRI North America and TRI International - in a move the company believes will “better reflect the nuances of markets” and support their individual requirements.

The North American operation, headed up by Shane de Burca, will focus on supporting clients in the US, Canada and Mexico. The international operation will cover all territories outside North America, headed up by Adrià Vázquez (pictured).

De Burca is a M&A attorney with over 20 years’ experience in private legal practice and in the insurance industry. Prior to joining Tokio Marine HCC in 2017, he was chief counsel, underwriting at Concord Specialty Risk.

Vázquez has over 10 years’ experience supporting M&A transactions, and technical transaction risk insurance expertise across Europe, Asia and the Pacific. Having been based in TMHCCI Singapore for the last four years, Vázquez will return to the TMHCCI’s financial lines hub in Barcelona, Spain to lead the international TRI operation.

The new units will be supported by three further appointments. AJ Kritzman has been appointed TRI underwriting manager North America, and Laura Roman as TRI underwriting manager international. These new roles are designed to foster collaboration across the regional teams on underwriting strategy, market trends and talent development.

Additionally, Tom Burke has been promoted to TRI manager APAC. Based out of Sydney, Australia, he will lead the underwriting teams in Singapore and Sydney to support clients across the APAC region.

Henk Bakker, managing director for financial lines, cyber and TRI at TMHCCI, said: “These promotions reflect the strong bench of talent we have at Tokio Marine HCC.”

“With M&A activity at record levels, 2021 has proven to be prolific for our market and the TRI team. We believe the structure we have put in place and the appointments we have made today will ensure that we can further strengthen the value-add services we bring to our clients and business partners across the globe.”

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