Tokio Marine HCC has appointed Susan Rivera as its next CEO, effective 1 September 2018.
Rivera is replacing current CEO Christopher Williams as he transitions into a new role as managing executive officer and co-head of international business for Tokio Marine Holdings, Inc.
Rivera has served as Tokio Marine HCC's executive vice president and chief operating officer (COO) since April 1 2018.
From 2014 to 2015, she served as an independent director on the company’s board of directors and served on the audit committee, the compensation committee and the enterprise risk oversight committee.
From 2009 until earlier this year, Rivera served as president and CEO of V3 Insurance Partners LLC. From 2007 to 2009, she was president of QBE Specialty and chief actuary of the Americas division of QBE Insurance Group Limited. Previously, Rivera was president and chief underwriting officer (CUO) of Praetorian Insurance Company from 2006 until its acquisition by QBE in 2007. Before 2006, she spent 15 years at AIG, holding a variety of positions of increasing responsibility.
Commenting on the appointment, Williams said: "We are pleased to announce Susan Rivera as Tokio Marine HCC’s next Chief Executive Officer. With her extensive experience leading insurance operations, developing business strategies and introducing innovative ideas in a rapidly changing market, she is well suited to lead Tokio Marine HCC into the future,”
Rivera said: "As a Board member and more recently as a member of the executive management team, I have become very familiar with Tokio Marine HCC’s business leaders and lines of business and am excited to be offered the opportunity to lead this outstanding organization with its very talented team of people as we continue to grow the company and build on its past successes."