Tokio Marine Kiln (TMK) has announced the promotion of Matthew Shaw to the role of chief executive officer, effective April 1 and pending regulatory consent.
Shaw is set to take over from Brad Irick, who will transition to a new role as co-head of international business for Tokio Marine Holdings, the parent entity of Tokio Marine Group, with a focus on augmenting its global presence.
Shaw, who has served as TMK's chief underwriting officer (CUO) since 2020, brings to the table a wealth of industry experience spanning four decades. Prior to his tenure at TMK, Shaw worked for nearly two decades at Chubb.
Concurrent with Shaw's appointment, Vivek Syal, TMK’s chief risk officer, will assume the role of CUO from April 1, also subject to regulatory approval. Since joining TMK in 2017, Syal has been pivotal in shaping the company’s strategic vision and direction.
“Our clients are facing a new generation of risk and volatility, with novel technology and approaches challenging the status quo and presenting exciting opportunities,” Shaw said. “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.
Chris Williams, the chairman of Tokio Marine Kiln Group, expressed his confidence in the continued success of the company under Shaw’s leadership while also acknowledging the outstanding achievements of the executive team under Irick’s stewardship.
“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,” Williams said. “I have every confidence that its success will continue to strengthen under Matthew’s leadership, and with the support of the whole business.”
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