Tokio Solution Management has appointed Susan Lane and Tsuyoshi Harigai as new co-CEOs, effective 1 January 2016.
In their new role, Lane and Harigai will assume the leadership of Tokio Solution from current CEO, Kathleen Faries, who will become head of the Bermuda branch of Tokio Millennium Re on 1 January 2016.
Lane, who is currently senior vice president and head of business development at Tokio Solution, will lead the client-facing, business development activities including growth strategies, product development and marketing. Harigai will manage corporate operations.
Lane has more than 15 years of experience in the insurance and reinsurance industry, including risk finance and risk management.
She specialises in business development, including the formation and management of captives, insurance and reinsurance companies and alternative risk structures.
Harigai is currently head of operations for the Bermuda branch of Tokio Millennium Re and member of the Tokio Solution board of directors, which are positions he will continue to hold after 1 January 2016.
Prior to joining Tokio Millennium Re in 2013, he played crucial roles within the Tokio Marine group in the set up of subsidiaries and mergers and acquisition activities.