Tokio Marine HCC International overhauls transaction risk insurance business

Tokio Marine HCC International overhauls transaction risk insurance business | Insurance Business New Zealand

Tokio Marine HCC International overhauls transaction risk insurance business

Tokio Marine HCC International (TMHCCI) has reorganised its transaction risk insurance (TRI) division as part of a plan to capitalise on the elevated mergers and acquisition activity around the world.

As part of the reorganisation, TMHCCI has created two new units, TRI North America and TRI International.

The North American operation will be headed by Shane de Burca and will support clients in the US, Canada and Mexico. De Burca is an M&A attorney and has more than 20 years of experience in private legal practice and the insurance industry. Prior to joining Tokio Marine HCC in 2017, he served as chief counsel for underwriting at Concord Specialty Risk.

TRI International, which covers all territories outside North America, will be headed by Adrià Vázquez, who has more than 10 years of experience supporting M&A transactions. Vázquez has been with TMHCCI for many years and has TRI experience across Europe, Asia and the Pacific. Vázquez, who has been based in Singapore for the last four years, will return to the TMHCCI financial lines hub in Barcelona to lead the TRI International operation.

The company has made three additional appointments to support the creation of the units. A.J. Kritzman has been appointed TRI underwriting manager for North America, and Laura Roman has been appointed TRI underwriting manager for international. Tom Burke has been appointed TRI manager for Asia-Pacific.

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