Brock is expected to remain with the company in an advisory capacity until next month, during which time she will be supporting the transition.
Weist joined Tokio Marine HCC in 2011 as its Chief Actuary. In 2017, he was named General Manager of the Risk Management Department of Tokio Marine and Chief Executive Officer of Tokio Marine Technologies in addition to his Chief Actuary responsibilities.
He has served as Executive Vice President and Co-Chief Financial Officer of Tokio Marine HCC since 2019.
Prior to joining Tokio Marine HCC, he held a number of leadership positions in actuarial pricing, predictive modelling and enterprise risk management at Munich Re, Chubb and Tokio Millennium Re.
Susan Rivera, Tokio Marine HCC’s Chief Executive Officer said: “Sharon has contributed over 16 years to Tokio Marine HCC, and her achievements will not be forgotten. Her work ethic, command for complexity and dedication to the company have been exemplary. She has been a mentor to many, and her influence has made an impact on all of those with whom she has worked. I extend my warmest congratulations and wish her all the best in her retirement.
“I am delighted to have Tom take on the role of Chief Financial Officer. He has the right background to lead our finance organisation with deep experience in risk, actuarial and capital functions that will benefit us as we grow and innovate as a specialty insurance company.”
Mike Schell, Tokio Marine HCC’s President commented: “While Sharon will be missed by all of us at Tokio Marine HCC, her retirement is well deserved. Her hard work and diligence have greatly benefited the company. I wish her the best in what lies ahead.”
In continuing the natural progression of transition within the finance organisation, Mark Buechler, Senior Vice President and Chief Accounting Officer, will also retire effective April 1, 2021. Jeff Turner, Vice President of Corporate Reporting, will be promoted to Senior Vice President and Chief Accounting Officer upon his retirement.
Turner will report to Weist, and Buechler will continue to serve Tokio Marine HCC as a part-time consultant to ensure a smooth transition.
Brock added: “Mark’s dedication and contribution over his 32-year career with Tokio Marine HCC has been nothing less than outstanding. I’m sure that retirement will offer Mark many new endeavours, which I know he will embrace wholeheartedly, just as he has done here at Tokio Marine HCC. I wish him the absolute best.”
Source: Reinsurance News
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