Tokio Marine HCC - HCC Insurance Holdings Inc.
03/29/2021 | Press release | Distributed by Public on 03/29/2021 14:59
Tokio Marine HCC International Accelerates Growth Agenda with Appointment of Des Burke as CIO
Tokio Marine HCC International (TMHCCI) today announced the appointment of new Chief Information Officer (CIO) Des Burke, who will be under the direction of Thibaud Hervy, Chief Underwriting Officer (CUO) - Specialty Lines division.
Mr. Burke joins Tokio Marine HCC from Lloyd's, where he was Global CIO & Head of Change before becoming Chief Technology Officer and helped to advance the Future at Lloyd's initiative. With more than 30 years' cross-sector experience in information technology (IT), Mr. Burke's career has included roles at Morgan Stanley, BP and Prudential.
Tokio Marine HCC has an ambitious growth agenda over the next three to five years, and the business will need to be flexible to achieve its objectives. As CIO, Mr. Burke will deliver a clearer view of TMHCCI's technology strategy and determine how IT will best support this growth. As the business matures and moves on to the next phase of growth, it increasingly will be aligning the power of technology with its business needs. Mr. Burke's appointment reflects this intent.
According to Mr. Burke, 'The ability to drive and implement technology change has always been exciting to me. The insurance industry is undergoing significant change and may be one of the few remaining sectors with potential for major transformation that can really impact the business end to end. Understanding the business agenda and then bringing technology to make it even better really drives me. I have always operated as the link between business and technology, and I look forward to driving practical change at Tokio Marine HCC, creating a platform that allows the business to continue performing at a high level and effectively supports each of our team members.'
Commenting on Mr. Burke's appointment, Mr. Hervy said, 'I am delighted to welcome Des to Tokio Marine HCC. He brings a diverse and impressive level of IT knowledge and expertise. Des' experience of working his way across the IT ecosystem in different vertical sectors, including investment banking and oil & gas, has helped to shape his vision of how a modern IT strategy should support the business. His passion for the CIO role isn't just about technology; it's about using that technology to enable people in the business to be better at what they do. Des' appointment is an important step in helping IT to support the business more effectively.'
ENDS
Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $36 billion as of December 31, 2020. 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.
Mr. Burke joins Tokio Marine HCC from Lloyd's, where he was Global CIO & Head of Change before becoming Chief Technology Officer and helped to advance the Future at Lloyd's initiative. With more than 30 years' cross-sector experience in information technology (IT), Mr. Burke's career has included roles at Morgan Stanley, BP and Prudential.
Tokio Marine HCC has an ambitious growth agenda over the next three to five years, and the business will need to be flexible to achieve its objectives. As CIO, Mr. Burke will deliver a clearer view of TMHCCI's technology strategy and determine how IT will best support this growth. As the business matures and moves on to the next phase of growth, it increasingly will be aligning the power of technology with its business needs. Mr. Burke's appointment reflects this intent.
According to Mr. Burke, 'The ability to drive and implement technology change has always been exciting to me. The insurance industry is undergoing significant change and may be one of the few remaining sectors with potential for major transformation that can really impact the business end to end. Understanding the business agenda and then bringing technology to make it even better really drives me. I have always operated as the link between business and technology, and I look forward to driving practical change at Tokio Marine HCC, creating a platform that allows the business to continue performing at a high level and effectively supports each of our team members.'
Commenting on Mr. Burke's appointment, Mr. Hervy said, 'I am delighted to welcome Des to Tokio Marine HCC. He brings a diverse and impressive level of IT knowledge and expertise. Des' experience of working his way across the IT ecosystem in different vertical sectors, including investment banking and oil & gas, has helped to shape his vision of how a modern IT strategy should support the business. His passion for the CIO role isn't just about technology; it's about using that technology to enable people in the business to be better at what they do. Des' appointment is an important step in helping IT to support the business more effectively.'
ENDS
Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $36 billion as of December 31, 2020. 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.