Tokio Marine HCC appointed a new CEO, choosing as its leader some who only recently joined the insurance holding company in an executive role.
Susan Rivera will become chief executive officer as of Sept. 1. She replaces Christopher J.B. Williams, who will transition into a new role as Managing Executive Officer and Co-Head of International Business for Japan-based parent company Tokio Marine Holdings Inc.
Rivera only became Tokio Marine HCC’s executive vice president and chief operating officer on April 1, though she has had other ties to the company in the recent past. From 2014 to 2015, she was an independent director on Tokio Marine HCC’s Board of Directors, and also served on the Audit Committee, Compensation Committee and Enterprise Risk Oversight Committee.
Williams, in prepared remarks, said that Rivera brings with her “extensive experience leading insurance operations, developing business strategies and introducing innovative ideas in a rapidly changing market.”
Rivera, in turn, said in prepared remarks that she looks forward to growing the company and building “on its past successes.”
Before Tokio Marine HCC, Rivera was president and CEO of V3 Insurance Partners, going back to 2009. Previous to that she served as president of QBE Specialty and Chief Actuary of the Americas division of QBE Insurance Group Ltd. She also has served in other leadership roles, including as president and chief underwriting officer of Praetorian Insurance Company from 2006 until QBE acquired it a year later. As well, she brings 15 years of experience to the table from AIG, where she held a variety of roles with increasing responsibility.
Source: Tokio Marine HCC