IT and Operations restructure to power continued profitable growth

Tokio Marine HCC International restructures IT and Operations to power continued profitable growth

London, 26 June 2023:

Tokio Marine HCC International (TMHCCI) has today announced a restructure of its IT and Operations teams as it moves to the next stage of its growth strategy.

Since 2017, TMHCCI has grown significantly and to service and sustain this level of growth and profitability, the insurer has moved to simplify the structure of its IT and Operations teams and to elevate its strategic position within the business.

 

Des Burke, who led the transformation of the insurer’s technology and establishment of its architectural capabilities as Chief Information Officer at TMHCCI, has been promoted to Group Chief Operations Officer.

Des joined the business in 2021 from Lloyd’s and has over 25 years’ experience in operations and technology roles at large corporates in a range of sectors.

In his new role, he will have responsibility for areas such as Architecture, Technology, Data, Procurement, Business Transformation, Enterprise Change, Claims and Underwriting Operations. He will report to Barry Cook, Chairman & Chief Executive Officer of TMHCCI and will join the TMHCCI Board.

As a result of Des’ promotion, Nicki Tang, the current Head of Technology Shared Services has been promoted to Chief Information Officer. She joined TMHCCI in 2019 as Head of Business Intelligence and has held a range of similar roles in various sectors over the last 20 years.

In addition, David Fletcher has been promoted to Chief Analytics and Innovation Officer expanding his current accountabilities, while Nick Scully, Head of Procurement, will take on additional accountability for workplace management (Property and Facilities) and Travel, both also reporting to Des.

Commenting on the changes, Barry Cook said: “With this restructure, we now have all the key levers to support our continued growth in place, under one structure and one leader.”

“We have long recognised that technology and data are key to our future growth and this approach moves our IT, Data and Operations into a far more strategic position than they had been previously.”

“I am delighted that we have been able to appoint Des, David, Nicki and Nick from within, reflecting the strength of talent we have in these core disciplines. I am confident we have the right approach and team to power future expansion and profitability.”

 ENDS

Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $38 billion as of March 31, 2023. Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Continental Europe. Tokio Marine HCC’s major domestic insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings, ‘A++’ (Superior) from A.M. Best, and ‘AA-’ (Very Strong) from Fitch Ratings; its major international insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings. Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company. For more information about Tokio Marine HCC, please visit www.tokiomarinehcc.com.

Contact
April Fenn, Communications Manager
Tokio Marine HCC International
[email protected]
+44 (0)20 7680 2937