Specialty insurer, Tokio Marine Kiln, has announced the appointment of Matthew Shaw as CEO.

From 1st April, Shaw will succeed Brad Irick, who is taking up the position of co-head of international business for Tokio Marine Holdings.

Shaw has been chief underwriting officer of TMK since 2020. With four decades of experience in the insurance industry, he led a number of significant changes in TMK’s underwriting strategy, which has driven performance improvements for the company for the past four years.

Also from 1st April, TMK chief risk officer Vivek Syal will be appointed to the role of CUO. Syal joined TMK in 2017 and has played a role in developing and leading the vision and strategic direction of the business.

Chris Williams, chairman of Tokio Marine Kiln Group, said: “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. I have every confidence that its success will continue to strengthen under Matthew’s leadership, and with the support of the whole business.

“Brad and I have worked together for many years, and I couldn’t be more pleased to see him succeed me as I take on the role of chairman of Tokio Marine Holdings’ international business. He is a proven leader and I know he will be instrumental in helping Tokio Marine chart the course of the international business into the future.”

Shaw added: “I’m delighted to be taking up the role as CEO during one of the most pivotal times for our industry. Our clients are facing a new generation of risk and volatility, with novel technology and approaches challenging the status quo and presenting exciting opportunities. 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. Vivek is a forward-thinking and exceptional leader whose solid experience in our industry and unique perspective will enable him to propel our underwriting strategy forward and ensure our continued success.”

Both appointments are subject to the standard regulatory approvals.

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