Tokio Marine HCC International has restructured its Transaction Risk Insurance division, amid record M&A activity across the globe. The insurer has created two new units: TRI North America and TRI International.

The North American operation, lead by Shane de Burca, will focus on supporting clients in the USA, Canada and Mexico. De Burca is a qualified M&A attorney and has over 20 years’ experience in private legal practice and in the insurance industry. Prior to joining Tokio Marine HCC in 2017, he was chief counsel, underwriting at Concord Specialty Risk.

The International operation, which covers all territories outside North America, will be lead by Adrià Vázquez. Vázquez, who has over 10 years’ experience supporting M&A transactions, has been with TMHCCI for a number of years and has technical TRI expertise across Europe, Asia and the Pacific. Having been based in Singapore for the last four years, Vázquez will return to the TMHCCI’s Financial Lines hub in Barcelona, Spain to lead the International TRI operation.

Three further appointments have been made to support the new structure. AJ Kritzman has been appointed TRI underwriting manager North America and Laura Roman has been appointed TRI underwriting manager, International.

In addition, Tom Burke has been promoted to TRI manager APAC. Based out of Sydney, Australia, he will lead the underwriting teams in Singapore and Sydney to support clients across the APAC region.

Commenting on the restructure and appointments, Henk Bakker, managing director for Financial Lines, cyber and TRI at TMHCCI, said: “These promotions reflect the strong bench of talent we have at Tokio Marine HCC.”

“With M&A activity at record levels, 2021 has proven to be prolific for our market and the TRI team. We believe the structure we have put in place and the appointments we have made today will ensure that we can further strengthen the value-add services we bring to our clients and business partners across the globe.”

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