Tokio Marine HCC CEO on firm’s “crown jewels” M&A strategy
Insurance Business Magazine | December 27, 2019
What a year 2019 has been for Tokio Marine HCC. The global specialty insurance arm of Tokio Marine Holdings landed two blockbuster acquisitions in the United States, expanded various specialty product areas, and made a number of key leadership appointments. As chief executive officer, Susan Rivera (pictured) summarized: “It has been a very busy and exciting year.” The insurer’s landmark deal of the year came in April with the acquisition of NAS Insurance Services, LLC (NAS), a Lloyd’s coverholder and leading provider of cyber and professional liability insurance solutions. A few months later, Tokio Marine HCC announced the formation of a new Cyber and Professional Lines Group, which combined the operations of its existing Professional Lines Group with the acquired operations of NAS. Richard Robin, former CEO of NAS, was named the new group’s president and has been granted autonomy to inject his innovative and entrepreneurial spirit into the operation.